Kategori: Economy

Oil prices surged over 2% due to increasing tensions between the US and Iran, as well as the announcement by Yemen’s Houthi rebels of a naval blockade against Saudi Arabia. Brent crude oil futures rose by 2.1% to $91.11 per barrel, while US West Texas Intermediate (WTI) futures increased by 2.49% to $85.30 per barrel.…

The administration of US President Donald Trump is reportedly preparing to announce new tariffs on approximately 60 countries. This move is seen as a new step in global trade policy. Under the new arrangement, import duties on these countries will range from 10% to 12.5%. This will replace the 10% global tariff imposed by Trump…

Morgan Stanley's new report highlights that rising energy prices and increasing geopolitical tensions could complicate Turkey's fight against inflation. The Turkish economy may be negatively impacted by tensions in the Middle East and energy price volatility. This situation could lead the Central Bank of the Republic of Turkey (TCMB) to postpone interest rate cuts and…

Gold prices were limited in their rapid rise due to increasing inflation concerns and the rise in expectations for the US Federal Reserve's (Fed) interest rate hike. Nevertheless, the ounce of gold exceeded the $4,000 threshold, while gram gold rose to 6,147 TL during the day. In international markets, the ounce of gold rose from…

The Central Bank of the Republic of Turkey (CBRT) will hold its Monetary Policy Committee (MPC) meeting on July 23 and announce the interest rate decision at 14:00. Economists expect the interest rates to remain unchanged this month due to the escalating US-Iran tensions and rising oil prices. The Fed will announce its decision next…

In the US, the traditional formula - college, job, savings, home ownership - is increasingly dependent on family financial resources. According to the American press, many young people are struggling to achieve homeownership and wealth accumulation due to increasing debt, high housing prices, and student loans. A recent Federal Reserve survey found that nearly half…

European stocks are declining as tensions between the US and Iran continue to escalate. The ongoing conflict in the Middle East is raising concerns about a potential increase in global inflation. The US military operations against Iran are heightening concerns about oil prices. The impact of the conflict on the Strait of Hormuz, a critical…

Turkey is on the verge of introducing a new minimum wage model, where different sectors and regions will have distinct minimum wages. Currently, the same minimum wage applies to all sectors and regions, but this new regulation aims to change that. The new minimum wage model will take into account the economic structures of different…

The results of the Central Bank of Turkey's (TCMB) Market Participants Survey for July showed that the participants' year-end consumer price index (CPI) expectation increased compared to the previous survey period. According to the survey, the CPI expectation rose to 29.21%. The 12-month CPI expectation also increased from 23.81% to 23.95%, while the 24-month inflation…

Tensions between the US and Iran are affecting oil prices, which in turn are impacting fuel prices. Global economic developments, declining oil stocks, and the status of key oil transit points are directly influencing fuel prices. In this context, a planned hike in diesel prices is making headlines. According to , diesel prices are expected…