Committees

Piraeus Port Authority (OLP) this week announced key changes in its leadership structure following decisions made by its board of directors.

The OLP Board of Directors accepted the resignations of Executive Chairman Yu Zeng Gang and CEO Zhang Anming.

This decision marks the end of an era for the company, as it transitions to new leadership.

The U.S. Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

Credit growth rates are expected to stabilize following the policy rate decision taken in March and the macroprudential measures, according to the Central Bank.

Total loan growth has accelerated since the bank's rate-setting meeting in February, the bank said in the summary of the March Monetary Policy Committee (MPC) meeting, released on March 28.

The U.S. Federal Reserve is widely expected to pause its campaign of interest rate increases on June 14 to give policymakers more time to assess the economic impact of existing hikes and recent banking stresses.

The Central Bank's Monetary Policy Committee (MPC) will meet for the fifth time this year on May 25 to decide about the key interest rate.

Analysts expect the monetary authority to keep its policy rate - one-week repo auction rate - unchanged at 8.5 percent as it did last month.

The Turkish Central Bank on April 27 held its interest rate at 8.5 percent in its Monetary Policy Committee's (MPC)  meeting.

U.S. interest rates are likely to rise further, and will need to remain high to effectively tackle inflation, a top Federal Reserve official said on April 20.

The U.S. Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.

American households have been squeezed by soaring consumer prices, propelling economic issues to the top spot among voter concerns in upcoming midterm elections.

Türkiye's Central Bank has delivered another rate cut - for the third month in a row - slashing its policy rate - the one-week repo auction rate - from 12 percent to 10.5 percent.

This was larger than the 100-basis points reduction most analysts had expected.

Members of the Central Bank's monetary policy committee (MPC) will meet this week to decide about key interest rates.

The gathering scheduled for Sept. 20 will be the ninth MPC meeting in 2022.