Repurchase agreement

As widely expected, the Central Bank has kept its main policy rate, the one-week repo auction rate, unchanged at 50 percent for a fifth straight month.

Türkiye's Central Bank has increased its policy rate - one-week repo rate - from 15 percent to 17,5 percent.

The rate hike was widely expected after Mehmet Şimşek once again took the helm at the economy management and Hafize Gaye Erkan was appointed as the new Central Bank Governor.

Τhe Cypriot cabinet on Wednesday approved the "Rent vs Installment Scheme," government spokesperson Konstantinos Letymbiotis announced following the conclusion of the council. The European Commission's Directorate-General for Competition also granted approval on July 6.

Chinese fintech giant Ant Group has announced a share buyback plan to allow some investors to offload or reduce their stakes after the government slapped the firm with a $1 billion fine for alleged "illegal acts".

Ant operates Alipay, the world's largest digital payments platform, which boasts hundreds of millions of monthly users in China and beyond.

Türkiye's Central Bank has decided to keep its policy rate -one-week repo auction rate- unchanged at 8.5 percent.

India's Central Bank held interest rates yesterday for the first time in nearly a year because of "unprecedented uncertainty" in global markets but said it was committed to taming persistent inflation.

The Reserve Bank of India (RBI) left the benchmark repurchase rate at 6.50 percent after hikes at all six of its prior meetings since May 2022.

Bulgaria will hold the second for 2021 bond sale auction on February 22, 2021. The Bulgarian National Bank will then hold an auction for the sale of the securities, the central bank reports.

In its most recent move to contribute to the well-functioning of markets, Turkey's banking watchdog on Nov. 30 raised the ceiling ratio of domestic banks' Turkish-lira transactions with foreign financial institutions to 2.5% of their equity.

The slump is real. Gross Domestic Product, GDP, for the region as a whole is forecast to decline 4.8 per cent. Roughly 139,000 jobs were lost between January and June, while 300,000 people have been driven into poverty.

The Guarantee Fund for the supply of loans to small, medium-sized and large companies with state collateral began operating on Wednesday with high expectations.
These working capital loans will have low requirements and favorable interest rates so as to provide liquidity to corporations during the crisis brought on by the coronavirus pandemic.