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Oil prices fall as global inflation rates solicit concern
- Ongoing Covid-19 lockdowns in China, world's top crude importer, continue to weigh on oil prices as demand for fuel drops
Philippines' inflation hits government target amid high fuel prices
- Transport prices up 10.3% year-on-year in March, largest contributor of annual inflation in country
Biden orders oil reserve sale to improve supply, lower prices
- White House says move is coordinated with China, India, Japan, Korea, UK as 'we exit pandemic'
Rising energy prices pose inflation risks: World Bank
- Elevated food prices, combined with recent spike in energy costs, pushing food price inflation up, report says
Euro area inflation in September at 13-year high of 3.4%
- Energy shows highest annual increase with 17.4% last month, according to Eurostat
US consumer prices up 5.4% in June, largest rise since 2008
- Core consumer prices, excluding food and energy, up 4.5% year-over-year -- largest 12-month increase since 1991
US Federal Reserve keeps interest rate unchanged
- ‘Progress on vaccinations has reduced the spread of COVID-19 in the US,’ central bank says
17.06.2021
Americas
US Fed expects higher inflation in 2021
- Central bank indicates interest rate will increase in 2023
17.06.2021
Americas
US Fed chair says notable inflation increase is temporary
- ‘Household spending is rising at a rapid pace,’ says Jerome Powell
17.06.2021
Americas
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US stocks open higher, Treasury yields recover amid rising inflation
- Despite rising inflation, investors continue to have strong risk appetite
11.06.2021
Americas
Turkey's inflation to fall to 12% next year: Fitch Ratings
- Interest rate expected to be 13.5% at end of 2022
11.06.2021
Turkey
Turkey’s central bank chief says fears of early interest rate cut 'unjustified'
- Bank to continue setting policy rate above realized, expected inflation throughout disinflation process, says Sahap Kavcıoglu
'Turkish Central Bank to continue monetary tightening'
- Claim that there is $128B deficit in Central Bank's foreign exchange reserves is untrue, says governor
Turkish Central Bank keeps interest rates unchanged
- Policy rate, also known as 1-week repo rate, stands at 19% in line with market expectations and tight monetary policy stance
EU annual inflation at 1.3% in February
- Figure was 1.2% this January, 1.6% last February, according to Eurostat
US Federal Reserve keeps interest rate unchanged
- Fed removes 'moderation' in pace of economic recovery, adds 'indicators have turned up recently'
US stocks open higher with weak inflation data
- Anemic consumer prices calm investors’ concern about possibility of rising inflation
Libya records 92% loss of oil, gas revenues in 2020
- NOC struggles to control oil fields, storage tanks, pumping stations, pipelines and ports, and lacks money for repairs
Iran oil revenue down over 50% since 2018: Central Bank
- Country has been suffering strict sanctions since 2018 after US withdrawal from 2015 nuclear deal
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Iraq’s central bank devalues national currency
-Iraq says devaluation is necessary to overcome economic crisis brought by low oil prices
EU annual inflation down to 0.2% in November
- Highest contribution to annual euro area inflation rate comes from food, alcohol, tobacco, says Eurostat
18.12.2020
Europe
Meeting on reviving Libya’s economy ends in Geneva
- Economic, banking, oil and finance officials from all sides agree to January meeting to continue quest to resolve crises
Turkey dismisses governor of central bank
- Former Finance Minister Naci Agbal appointed to post
US Fed keeps interest rate unchanged
- Central bank says economic activity, employment remain well below pre-pandemic levels
Turkey unveils new economic program for 2021-2023
- Country's new economic program based on themes of new stabilization, new normal, and new economy
Turkey's manufacturing capacity up in September
- Manufacturing capacity utilization rate rises to 74.6% in September, says Turkish Central Bank
24.09.2020
Turkey
Turkey: Consumer confidence index up in September
- Consumer confidence index reaches 82 this month, up from 79.4 last month, official data shows
Economists expect rise in Turkey's August inflation
- Anadolu Agency survey forecasts annual inflation to hit 11.88% in August, up from 11.76% in July
28.08.2020
Turkey
