ISTANBUL: The annual inflation rate rose in both the EU and eurozone in July, to 2.8% and 2.6%, respectively, official figures from Eurostat showed on Tuesday.
The rate was at 2.6% in the EU in June and 2.5% in the euro area, said Eurostat.
The lowe…
ANKARA: Trkiye’s Central Bank on Tuesday kept the benchmark one-week repo rate constant at 50% for the fifth straight meeting, as widely expected.
Pointing to a slight hike in July inflation, the bank said indicators for the third quarter suggest tha…
ANKARA: Oil prices fell on Tuesday amid renewed hopes for a cease-fire between Israel and Hamas following US Secretary of State Antony Blinken’s announcement that Israeli Prime Minister Benjamin Netanyahu had accepted a new cease-fire proposal.
Brent…
ISTANBUL: Trkiye’s external assets rose to $341.7 billion at the end of June, up 2.7% from the end of 2023, the country’s Central Bank said Tuesday.
Trkiye’s liabilities against non-residents climbed 10.1% to $670.2 billion in the same period.
The n…
ISTANBUL: Sweden’s Central Bank decided on Tuesday to cut its policy interest rate by 0.25 percentage points to 3.5%.
The bank also signaled two or three new rate cuts for this year as the inflation outlook remains at the same level.
“Inflation is c…
ANKARA: Trkiye’s automotive production declined by 13.9% year-on-year in July, totaling 116,569 vehicles, according to a report from the Automotive Manufacturers Association (OSD) released on Monday.
Production of passenger cars fell by 7.7% year-on-…
