Monetary policy

Stocks up on US rate hopes

Markets mostly rose on July 12 after a largely negative day on Wall Street despite growing confidence of a U.S. interest rate cut, while the yen saw big swings as speculation swirled that Japan had stepped into forex markets to support the currency.

Eurozone Inflation Outlook: ECB Forecasts Continued Decline

Members of the European Central Bank (ECB) expressed confidence that inflation across the Eurozone would continue to decline, though concerns lingered following last month's rate cut amid unexpected economic setbacks, according to minutes from the ECB's latest meeting published by Reuters on Thursday.

Annual inflation drops to 71.6 percent in June

Consumer prices rose by 1.64 percent monthly in June, bringing the annual inflation rate to 71.6 percent, down from 75.45 percent in May, data from the Turkish Statistical Institute (TÜİK) have shown.

The monthly inflation was lower than the market expectation for a 2.2 percent increase in consumer prices. This was also the lowest monthly inflation recorded in 2024.