Financial economics

Annual inflation increased by 2.7% in July, according to ELSTAT.

Chinese consumer inflation rose more than expected in July to hit a five-month high, data showed on Aug. 9, providing some much-needed positive news on the world's number-two economy.

The reading comes as authorities struggle to kickstart activity among the country's army of consumers, with officials last week issuing a set of directives aimed at boosting buying.

The government considers updating its medium-term economic program in September, Vice President Cevdet Yılmaz has said, adding that, however, policy set will remain intact.

"Over the past year some developments occurred in the world and Türkiye. Under light of those developments, we will update the program," Yılmaz said during an interview with private broadcaster CNN Türk.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to trim the key policy rate to 6.25 pct and the rates on deposit and lending facilities were also lowered to 5.00 pct and 7.50 pct, respectively.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Friday to keep the key policy rate on hold at 6.50 pct.

The rates on deposit (5.25 pct) and lending (7.75 pct) facilities also remained unchanged.

There has been a lot of business activity recently in the food and beverage industry, as well as in organized food retail, with the conditions appearing to be ripe for the completion of corporate mergers and acquisitions.

In real terms, adjusted for inflation, average rent prices declined by 8 percent in March compared with the same month of 2023, according to a report from Istanbul-based Bahçeşehir University's Economic and Social Research Center (BETAM).

Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels. The debt stood at 22.3 billion euros by the end of 2023, showing a slight decrease from €22.4 billion in September of the same year. Notably, the debt had reached €23.8 billion last June.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to keep the key policy rate on hold at 6.50 pct and the rates on deposit (5.25 pct) and lending (7.75 pct) facilities were also kept unchanged.

BELGRADE - Quoting figures released by the national statistical office, the National Bank of Serbia (NBS) said on Tuesday Serbian y-o-y inflation had decelerated further, measuring 5.6 pct in February, in line with the its expectations.