Kategori: Economy

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…

The escalating tension between the US and Iran, along with the sudden surge in oil prices, is affecting gold prices. As the price of gold per ounce attempts to stay above $4,000, concerns about interest rate hikes are keeping gold near its nine-month low. The developments in the gold market are being closely watched by…

International credit rating agency Fitch Ratings has affirmed Turkey's long-term credit rating at 'BB-' and maintained a 'stable' outlook. According to Fitch's assessment, Turkey's low public debt, large and diversified economy, higher per capita income compared to 'BB' rated countries, sustained access to external finance during difficult times, and the resilience of the banking sector…

The week has come to a close. The BIST 100 index rose by 2.38 percent to 13,981.05 points. Gold prices, on the other hand, declined. The gram price of 24-karat gold fell by 2.45 percent to 6,053 liras in the Grand Bazaar. The sales price of the Republic gold also decreased by 1.90 percent to…

The Istanbul Metropolitan Municipality Council has decided to increase vehicle towing and parking fees. As per the decision, the vehicle towing fee has been increased to 2,500 liras. The council's decisions also include updating the parking fee schedule. The daily fee for motorcycles has been increased by 30% to 130 liras, and for cars by…