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...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...Turkey has also launched a wide-ranging programme of economic reforms aimed at rebuilding the central bank’s foreign currency war chest and cooling rampant consumer demand that had pushed Turkey’s current...
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...Erkan, who was appointed in June as the central bank’s first female governor, said her resignation was for personal reasons, and the result of a “smear campaign” against her in the local media....
...Turkey’s central bank governor Hafize Gaye Erkan, who oversaw a campaign of huge interest rate rises, has resigned just months into her tenure, blaming what she called weeks of smears against her in local...
...The decision, which comes just weeks after governor Fatih Karahan indicated the central bank had probably ended its cycle of rate increases, highlights the extent to which Turkey’s economic situation has...
...Turkey has appointed central bank deputy governor Fatih Karahan to the top job just hours after previous chief Hafize Gaye Erkan abruptly quit....
...Turkey’s central bank has halted its cycle of big rate increases as policymakers bet borrowing costs are now high enough to quell a long-running inflation crisis....
...Turkey’s central bank insisted that inflation would fall sharply by the end of this year even as it acknowledged President Recep Tayyip Erdoğan’s minimum wage rise for 2024 had exceeded its expectations....
...Plus, Turkey’s central bank chief has quit just months into the job....
...range,” the central bank said....
...Turkey’s new central bank chief said some of President Recep Tayyip Erdoğan’s policies were complicating the task of controlling stubbornly high inflation as he vowed to take further action if needed to...
...One local banker added Karahan was a “credible” choice to lead the bank. What is the central bank’s role in Turkey’s economic overhaul?...
...Japan’s central bank set its policy rate in a range of zero to 0.1 per cent, marking the first interest rate rise in 17 years and ending an era of negative rates....
...as those of other central banks....
...Clare Lombardelli, OECD chief economist, has been appointed a deputy governor at the Bank of England, putting her in charge of overhauling UK monetary policy following an inflationary outbreak the central...
...A main pillar of the new policies has been sharp increases in borrowing costs, with the central bank having boosted its benchmark interest rate from 8.5 per cent in June to 45 per cent....
...The Fed is one of the few central banks that produce an estimate of what it believes ‘idle’ is....
...That still leaves a tricky question of whether to abandon the BoJ’s complicated three-tier system of interest rates for deposits with the central bank, which it adopted eight years ago in order to encourage...
...Mentioned in this podcast: Turkey central bank governor quits and points to campaign against her BNP Paribas shares fall after downgrade to profit target Deutsche Bank pledges to boost dividend and cut...
...Central bank chief Hafize Gaye Erkan resigned over the weekend after just eight months, in which she had won the confidence of international investors in Turkey’s overhaul....
...Although his term as chair of the Fed ends in 2026, his term on the board of the central bank lasts until 2028....
...Turkey has raised its benchmark interest rate to 45 per cent as policymakers signalled that an eight-month campaign of big rises in borrowing costs is over, with the country’s prolonged inflation crisis...
...The abrupt resignation of Turkey’s central bank governor this month might have been expected to cause investor jitters that the country’s shortlived experiment with monetary orthodoxy was over....
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