Por: Associated Press Business October 21, 2022
ISTANBUL (AP) — Turkey’s central bank has for the third month in a row, making its biggest drop this year despite sky-high inflation that is squeezing people’s finances as it follows President Recep Tayyip Erdogan’s unorthodox economic views.The Central Bank of the Republic of Turkey on Thursday lowered the benchmark rate by a massive 1.5 percentage points, to 10.5%. The bank cut rates by 1 percentage point each in August and September.... + full article
Associated Press USA Business October 03, 2022
CELIKHAN, Turkey (AP) — Mehmet Emin Calkan begins work harvesting a tobacco field in rural Turkey before dawn, then has another shift skewering and stringing the tobacco to dry under the sun.The 19-year-old, who hopes to study electronic engineering, has undertaken the... + más
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ABC News USA Business September 27, 2022
ANKARA, Turkey -- Turkey on Monday summoned the Greek ambassador to protest the alleged deployment of dozens of U.S.-made armored vehicles to Greek islands which Ankara says should remain demilitarized in line with international treaties. President Recep Tayyip Erdogan warned,... + más
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RTTNews USA Business September 24, 2022
The Bank of England raised the benchmark rate by a half percentage point on Thursday, defying expectations for a bigger move, as policymakers assessed that the UK has already landed in a recession. The Monetary Policy Committee decided to raise the bank rate by 50 basis points... + más
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CNN USA Business September 22, 2022
New York (CNN Business)Just like misery, inflation loves company. And as price increases linger near 40-year highs, the United States has plenty of it. A perfect storm of stimulus cash during the pandemic, a strong demand for goods, geopolitical chaos and supply chain kinks have... + más
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CNBC USA Business September 22, 2022
Russians tourists to Europe decreased dramatically over the summer, but rose in several other destinations, including Turkey (here).Onur Dogman Sopa Images Lightrocket Getty ImagesTurkey's central bank surprised markets once again with its decision Thursday to cut its key... + más
Turkey's central bank makes big rate cut amid 80% inflation | ABC News
Inflation is a global problem, here's how central banks are addressing it | CNN
ABC News USA Business September 22, 2022
ISTANBUL -- Turkey’s central bank delivered another massive interest rate cut Thursday despite eye-popping inflation above 80%, moving the opposite way from world economies that are raising rates to control prices as the lira sunk to record lows. The Central Bank of the... + más
Turkey cuts interest rates again as country struggles under 80% inflation | CNBC
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