Monetary policy
ECB keeps rates unchanged as investors await QE details
By Stefan Riecher
The European Central Bank kept interest rates unchanged at record lows as investors wait for President Mario Draghi to reveal more details of his 1.1 trillion-euro ($1.2 trillion) bond-buying plan.
Greece, QE programme to top ECB meeting in Nicosia
The European Central Bank, meeting in Cyprus on Thursday, is set to update its economic forecasts and reveal details of its new bond purchase programme, analysts said.
Greece will also be high on the agenda of the ECB's decision-making governing council, following the recent eurozone deal to extend aid to the debt-wracked country, the experts said.
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Turkish Central Bank puts blame for high inflation on food prices
The improvement in Turkey's core inflation continued in February, with the slight rise largely due to food prices, the Central Bank announced on March 4.
In a statement after data on March 3 showed consumer prices in February rose by 0.71 percent, slightly lower than expected, the Bank stated that non-food annual inflation continued to fall.
Tabakovic: 2015-year for solving issue of bad loans
KOPAONIK - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Tuesday that for the NBS, finance ministry and banks, this is the year to solve the issue of the high number of non-performing loans (NPLs).
Draghi's QE moves to starting line as economic outlook brightens
Economy administration should 'get its act together,' says President Erdo?an
President Recep Tayyip Erdo?an has further ramped up his criticism of Central Bank Governor Erdem Ba?ç? and the economy administration, saying ?they should get their act together.?
Interest rate-foreign exchange rate conflict under the shadow of politics
In Turkey's economic agenda, as in several other emerging countries, there has been a conflict going on for a long time about the price of the interest rate and foreign currency.
Critical week for Turkish economy
At first look, the domestic economic agenda looks light this week, with purchasing managers? indices, preliminary exports and inflation being the main data releases. However, it may end up being the make-or-break week for Turkish assets, and eventually for the economy.
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Gov't signals changes in Central Bank law amid rising tension
Economy Minister Nihat Zeybekci has signaled a potential change in the law on the Turkish Central Bank, which has recently been harshly criticized due to its rate policies by several leading government figures.
Turkish Central Bank Governor dismisses resignation rumors
Turkish Central Bank Governor Erdem Ba?ç? sought to calm jittery investors on Feb. 27, dismissing rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.