Interest rate

The economic growth rate is expected to be above 7.3 percent in the second quarter of 2022, Treasury and Finance Minister Nureddin Nebati has expressed.

"The economy grew by 7.3 percent in the first quarter. We are expecting a growth rate above that in the second quarter," Nebati said in an interview with private broadcaster NTV on Aug. 23.

The Central Bank has announced measures that are designed to lower interest rates on commercial loans and strengthen the monetary transmission mechanism.

That policy also envisaged that goods and services produced in the country would become cheaper abroad because of the fall in wages. China entered its development process with a similar policy.

In a widely expected move, the Central Bank decided to keep its policy rate, the one-week repo rate, unchanged at 14 percent on June 23. 

For the last time, the bank cut the key rate by 100 basis points from 15 percent in December last year.

Turkish, Economy, Interest Rates,

The Central Bank's Monetary Policy Committee (MPC) will meet on June 23 to review its key interest rate.

This will be the MPC's sixth rate-decision meeting this year.

Economists expect the monetary authority to keep the policy rate (one-week repo auction rate) unchanged at
14 percent.

Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.

Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.

The US Federal Reserve has announced the most aggressive rate hike in nearly 30 years and has announced readiness for a new increase next month as a major step in the fight against rising inflation.

Even though the coronavirus epidemic has taken a heavy financial toll on many, others may have found themselves with some extra cash in their bank accounts. 42 %of Americans say they've cut back on spending since the outbreak began, according to a few Research surveys.

Inflation, measures and how the euro will be adopted - these were the topics that MPs from the Budget Committee in Parliament discussed with economists and experts.

Inflation in the eurozone jumped to 8.1% in May, from 7.4% in April, according to preliminary data released by Eurostat on Tuesday. Analysts forecast a much smaller increase to 7.8%. For Greece, inflation is estimated at 10.7% in May, up from 10.2% in April.