Central banks of the United Arab Emirates (UAE) and Turkey signed a bilateral currency swap agreement. According to a statement by the Turkish Central Bank, the nominal size of the deal is mutually AED 18bn and TRY 64bn. The agreement aims to enhance bilateral trade and to further strengthen financial cooperation between the two countries....
Latest News:
The arms issue
What matters on Thursday, February 3
Everyone plays a waiting game
What matters on Wednesday, February 1
Six-party opposition roundtable announces the Common Policies Text
Expensive export and cheap import records were broken
What matters on Tuesday, January 31
Economic confidence on the rise
What matters on Monday, January 30
What matters on Friday, January 27
Macroprudential measures can’t replace monetary policy: TUSIAD
Digital transformation of Chinese commercial banks: OPINION
The sustainable advantages of purchasing second-hand products
It’ll be enough to manage until the election!
What matters on Wednesday, January 25
Startups receive USD 1.6bn funding in 2022
Domestic tourism expenditures skyrocket
Consumer confidence hits 16-month high
What matters on Monday, January 23
Home
Sahap Kavcioglu
Tag: Sahap Kavcioglu
Turkey’s Rate Cut Could Undermine Modest External Improvement: Fitch
The Central Bank’s 100 basis point rate cut and change in policy guidance will increase the challenge of bringing inflation under control and highlights the weak credibility of monetary policy, according to the international credit rating agency Fitch Ratings. “The decision also risks undermining the recent partial recovery of the country’s international reserve position,” Fitch...