Economy33 minutes ago (Jan 15, 2022 07:55AM ET)
ISTANBUL (Reuters) – Finance Minister Nureddin Nebati said on Saturday inflation in Turkey will come down to single digits by the time of presidential and parliamentary elections set for mid-2023, after it soared to a 19-year high of 36% in December.
Speaking to heads of non-governmental organisations in Istanbul, Nebati also said the conversion of forex holdings to Turkish lira will accelerate in coming weeks.
He added that as of Friday night more than 131 billion lira ($9.69 billion) had been deposited in accounts under a government scheme that protects lira deposits from forex depreciation.
($1 = 13.5214 lira)
Turkish finance minister says inflation will come down to single digits by mid-2023
(Reuters) -Banks are facing cutthroat competition to hire and are being forced to pay more to recruit and keep talent, with both Citigroup Inc (NYSE:C) and JPMorgan Chase & Co…
BEIJING (Reuters) – China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a…
By David Shepardson WASHINGTON (Reuters) -AT&T Inc led bidders in the Federal Communications Commission (FCC) 5G spectrum auction of 3.45 GHz band spectrum, winning $9 billion in…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
(C) 2007-2022 Fusion Media Limited. All Rights Reserved
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.