Turkey Cenbank Stuns Market with 500Point Rate Hike to 50

Shock increase outstrips almost all forecasts First lira rally in weeks; bonds also rally Policy rate raised by 4,150 basis points since last June Bank says will tighten further if inflation deteriorates ISTANBUL, March 21 Reuters Turkey39;s central bank unexpectedly hiked interest rates by 500 basis points to 50 on Thursday, citing a deteriorating inflation […]
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Polish Farmers Intensify Protests Against Executioner EU

WARSAW, March 20 Reuters Polish farmers blocked roads with tractors and flares on Wednesday in escalating protests against EU environmental regulations and cheap food imports from neighbouring Ukraine which the bloc provisionally agreed to prolong. Placards depicted a farmer swinging from a gallows next to wind farms and an EUemblazoned executioner with the words Green Deal […]
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China C.Bank Leaves Key Policy Rate Unchanged, as Expected

SHANGHAISINGAPORE, March 15 Reuters China39;s central bank left a key policy rate unchanged while withdrawing cash from a mediumterm policy loan operation on Friday, as authorities continued to prioritise currency stability amid uncertainty over the timing of expected Federal Reserve interest rate cuts. The Fed39;s historic monetary tightening has bolstered the dollar and pressured the […]
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RBA to Hold Rates on March 19, Cut Later in Year Poll

BENGALURU, March 15 Reuters Australia39;s central bank will hold its key interest rate at 4.35 for a third straight meeting on Tuesday and at least until endSeptember, according to a Reuters poll of economists who see at least two rate cuts in the final quarter of 2024. While financial markets have priced in rate cuts […]
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ECB Started Discussing Rate Cut, Rehn says

HELSINKI, March 15 Reuters The European Central Bank council last week began a discussion on when to reduce interest rates, council member Olli Rehn said on Friday. If inflation continues to fall and, according to our estimation, sustainably downwards towards the target, we can close to the summer already slowly start easing our foot off […]
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S.Korea will Look at Bolstering Corporate Reform after Criticism

SEOUL, March 14 Reuters South Korea will consider beefing up its corporate reform plan, aimed at boosting shareholder returns and stock prices, the financial regulator said on Thursday, after initial proposals fell short of market expectations. The plan, announced in February and dubbed the Corporate Valueup Programme, seeks to correct a tendency for listed South Korean […]
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