Interest rate
Bank of Cyprus sets reference interest rate
The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, and in accordance with its provisions, has set the reference interest rate at 11.76%.
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Bulgarian National Bank to Auction BGN 200 Million in Treasury Bonds
On July 22, the Bulgarian National Bank (BNB) will hold an auction for the sale of interest-bearing treasury bonds for BGN 200 million, the BNB said on Friday.
Investors’ interest in Türkiye increasing, says Finance Minister Şimşek
Investors' interest in Türkiye continues to increase thanks to the economic program the government implements, Finance Minister Mehmet Şimşek has said.
"Our cost of borrowing is falling while [Türkiye's] CDS risk premium continues to decline," Şimşek wrote on social media platform X.
Inflation, PMI data to be released this week
This week will see the release of some important macroeconomic data for the Turkish economy, including monthly and annual inflation statistics.
On July 3, the Turkish Statistics Institute (TÜİK) will unveil highly anticipated consumer price inflation numbers.
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Eurozone Bank Lending Inches Up Despite High Rates
Bank lending in the Eurozone saw a slight increase of 0.3% in May, as reported by a study from the European Central Bank.
This growth follows several months of low levels attributed to record-high interest rates, which likely deterred both lenders and borrowers, according to BNR.
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Central Bank set to meet for rate decision this week
Türkiye's Central Bank will meet later this week to decide about its policy rate, the one-week repo auction rate.
Most economists expect the bank to keep its key rate steady at 50 percent when members of the Monetary Policy Committee (MPC) meet on June 27.
UK Inflation Drops to 2%
In May, British annual inflation eased to 2.0% from 2.3% in April, marking a return to the Bank of England's target level for the first time since July 2021. This data, released by the UK's Office for National Statistics (ONS), aligns with expectations from the market, reflecting a diminishing impact of the COVID-19 pandemic and the ongoing conflict in Ukraine.
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US Fed holds interest rates, now sees just one cut this year
The U.S. Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter.
European Central Bank cuts interest rates for the first time since 2019
By 25 basis points, as expected, the interest rate cut - The downward cycle for borrowing costs begins - ECB announcement in detail
ECB still has 'long way to go' to tame inflation: Lagarde
The European Central Bank (ECB) still has "a long way to go" to tame inflation, its president Christine Lagarde said Friday, a day after the body announced its first interest rate cut since 2019.