Turkey cuts rates for first time in 22 months

Sticky inflation creates rift at Fed over how much to cut rates
Federal Reserve leaders are unified in their resolve to quash the worst bout of inflation in four decades. They just no longer agree on how high to keep U.S. interest rates to achieve their goal.
Turkey begins cutting rates after inflation-fighting drive
Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and a cost-of-living crisis.
Turkey cuts rates for first time in 22 months with jumbo reduction
Turkey’s central bank lowered its main interest rate for the first time in almost two years, pointing to slower consumer demand and the currency’s strength for a larger-than-expected cut of 250 basis points.
Turkish CB Cuts Interest Rate For First Time Since Early 2023
Turkey's central bank lowered its key policy rate on Thursday, signaling a start to the easing cycle, after maintaining the key
Wall Street Split on Turkey’s Likely First Rate Cut in Years
Turkey’s central bank is expected to deliver its first interest rate cut in nearly two years on Thursday, with major banks divided on the size of the reduction.
Turkey launches monetary easing cycle with 250bp rate cut
By Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on December 26 cut its policy rate by 250bp to 47.5% (chart). The market was aware that a rate cut was on the cards.
Turkey cuts interest rates marking first reduction in nearly two years
Turkey's central bank has reduced interest rates for the first time since February last year after indications of easing consumer inflation. The Monetary Policy Committee, led by governor Fatih Karahan,
Inflation in Japan's capital accelerates, keeps rate hike prospects intact
By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -Core inflation in Japan's capital accelerated in December while ...
Dollar edges up on bets of US growth, inflation
The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming ...
The Fed’s go-to inflation gauge ticked up less than expected last month
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were ...
Holiday Retail Sales Rise Despite Ongoing Inflation
Retail sales from the beginning of November through Christmas Eve rose 3.8 percent, according to new data released Thursday.
Getting your budget right after the holidays? These inflation-proof groceries could help
NerdWallet estimates that food prices have risen 28%. Even with inflation beginning to slow, prices are still up.
What does 2025 hold for interest rates, inflation and the American consumer?
Some people expected a downturn in 2022 – and again in 2023 and 2024 – due to the Federal Reserve’s hawkish interest-rate ...
Inflation was the cause, not the result, of the ‘hot’ labor market, research shows
Back in 2022, when the labor market was so hot that Beyoncé even released a song about it, Americans were job hopping in large numbers, boosting their salary in the process.
Bank of Thailand Sees Inflation in 1% to 3% Range Through 2026
Bank of Thailand expects inflation to stay within the 1% to 3% target range in the next two years, Governor Sethaput ...
The Federal Reserve Admits They Think Inflation Is About To Go Up
The December 2024 economic projections from the central bank show significant changes from the September figures. They ...
The Fed’s Preferred Inflation Measure Sped Up in November
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more ...
Lending may have slowed 'faster than necessary' in Russia's inflation fight, says central-bank official
Bank interest rates on deposits and loans rose much higher than the central bank's key rate, causing a slowdown in lending ...