Public finance

Türkiye's Central Bank has announced a measure aimed at simplifying its micro and macroprudential framework.

In a statement released on June 25, the bank recalled that the Monetary Policy Committee (MPC) said following the rate-setting meeting on June 22 that the existing micro and macroprudential framework would be gradually simplified, guided by impact analyses.

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.

As widely expected, Türkiye's Central Bank has once again kept its policy rate - one-week repo auction rate- constant at 8.5 percent. 

The Central Bank's Monetary Policy Committee (MPC) will meet for the fifth time this year on May 25 to decide about the key interest rate.

Analysts expect the monetary authority to keep its policy rate - one-week repo auction rate - unchanged at 8.5 percent as it did last month.

The Bank of Japan announced a review of its longstanding monetary easing measures on April 28 but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.

Members of the Central Bank's Monetary Policy Committee (MPC) will meet this week to decide on the key interest rates, as the decision is due on April 27.

Last month, the bank kept the policy rate (one-week repo auction rate) unchanged at 8.5 percent.

U.S. interest rates are likely to rise further, and will need to remain high to effectively tackle inflation, a top Federal Reserve official said on April 20.

BELGRADE - Serbia's Finance Minister Sinisa Mali expects Serbian inflation to be halved from around 16 pct to 8 pct by the end of the year.

After that, reducing inflation from 8 pct to the previous 1.5-2 pct will, nevertheless, be a much more difficult task, Mali told Tanjug at the weekend.

BELGRADE - The National Bank of Serbia (NBS) Executive Board on Thursday raised the key policy rate by 25 bp to 6 pct, the NBS said in a statement.

The rates on deposit and lending facilities were raised to 4.75 pct and 7.25 pct, respectively.

Türkiye's Central Bank on March 23 kept its key policy rate unchanged after lowering it in February.

The bank kept its policy rate stable at 8.5 percent after cutting it by 50 basis points in February in order to support economic activity in the aftermath of the earthquakes that hit the south of the country.