Interest rate
Turkey’s interest rates remain steady
Turkey's central bank held interest rates steady at 50% for a fifth straight month on Tuesday, as expected, and repeated that it remains vigilant to inflation risks even as it expects disinflation to gain pace.
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Bulgaria's Housing Loans to Stay Low in the Coming Months
Housing loans in Bulgaria are expected to remain inexpensive in the coming months, according to a recent survey conducted by the Ministry of Finance. Financial intermediaries, including commercial banks, investment firms, management companies, and pension funds, anticipate that interest rates on loans will stay at their current low levels.
ECB’s Stournaras raises risk of too low inflation, Platow reports
A weak eurozone economy may drag inflation below the European Central Bank's 2% target, ECB policymaker and Bank of Greece Governor Yannis Stournaras said in an interview published on Thursday, reaffirming his expectation for two interest rate cuts this year.
The Bank of Japan raised interest rates shortly before the Fed’s decision
The Bank of Japan raised its key interest rate and revealed plans to halve its bond purchases in actions that underscore its determination to normalize its policy.
Mutual funds see interest from savers
Banks are attempting to provide alternative solutions for clients frustrated by stagnant interest rates on deposits. They are, therefore, directing them to mutual funds of predetermined duration (target maturity), with a very low or minimal starting amount, even 100 euros.
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Bank of Cyprus sets reference interest rate
The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, and in accordance with its provisions, has set the reference interest rate at 11.76%.
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Bulgarian National Bank to Auction BGN 200 Million in Treasury Bonds
On July 22, the Bulgarian National Bank (BNB) will hold an auction for the sale of interest-bearing treasury bonds for BGN 200 million, the BNB said on Friday.
Investors’ interest in Türkiye increasing, says Finance Minister Şimşek
Investors' interest in Türkiye continues to increase thanks to the economic program the government implements, Finance Minister Mehmet Şimşek has said.
"Our cost of borrowing is falling while [Türkiye's] CDS risk premium continues to decline," Şimşek wrote on social media platform X.
Inflation, PMI data to be released this week
This week will see the release of some important macroeconomic data for the Turkish economy, including monthly and annual inflation statistics.
On July 3, the Turkish Statistics Institute (TÜİK) will unveil highly anticipated consumer price inflation numbers.
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Eurozone Bank Lending Inches Up Despite High Rates
Bank lending in the Eurozone saw a slight increase of 0.3% in May, as reported by a study from the European Central Bank.
This growth follows several months of low levels attributed to record-high interest rates, which likely deterred both lenders and borrowers, according to BNR.
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