Monetary policy
Central banks diverge over regional challenges
In Washington they paused; in Frankfurt they hiked; and in Beijing, they cut.
Central bankers in three of the world's key economic regions have unveiled divergent monetary policies this week as they each contend with their own challenges.
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From floating to fixed rates
The banking market is witnessing a trend of conversion of mortgage loans that were contracted with a floating interest rate into a long-term fixed interest rate (mainly five years), as the persistence of inflation at high levels continues to make borrowers nervous about the evolution of interest rates after the end of the freeze that banks have implemented.
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Foreign investors keeping eye on economic policies
Foreign investors and Türkiye watchers are keeping a close eye on the steps the new economic team will take in the period ahead.
There are expectations that portfolio inflows in to the country may increase depending on the messages sent out by those at the helm of the economy management.
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No pause in sight as ECB eyes next rate hike
The European Central Bank will almost certainly deliver another interest rate hike tomorrow, pressing ahead with its fight against inflation even as the eurozone slides into a recession.
Analysts predict that ECB policymakers will copy May's move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.5 percent.
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Banks defend their rate spread
The spread between interest rates on loans and deposits is decreasing significantly, mainly after the recent increases in interest rates on new term deposits by Greek banks, according to the Hellenic Bank Association (HBA).
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Australia lifts key interest rate, flags further rises
Australia's central bank hiked interest rates to an 11-year high yesterday and warned that further rises may be on the horizon to get surging prices under control.
The Reserve Bank of Australia lifted the key rate 25 basis points to 4.1 percent, its highest level since May 2012, with governor Philip Lowe saying inflation had "passed its peak" but was still stubbornly high.
Central Bank holds policy rate unchanged at 8.5 pct
As widely expected, Türkiye's Central Bank has once again kept its policy rate - one-week repo auction rate- constant at 8.5 percent.
Central Bank keeps policy rate stable
Türkiye's Central Bank has decided to keep its policy rate -one-week repo auction rate- unchanged at 8.5 percent.
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Inflation, Fed’s interest will stay high this year: Survey
The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released Monday.
Mortgage borrowers mostly go for fixed rate
Almost eight out of 10 borrowers (78%) who purchased a home with a loan in 2022 chose a fixed interest rate of at least five years.
The percentage among those who chose a long-term interest rate - i.e. more than 10 years - was also high, at 63%, opting for the long-term commitment to the uncertainty created by the persistence of inflation.
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