Tuesday, September 13 2011 , Your time is 15:58:00
With the decrease in domestic demand, particularly in the housing, houseware and automotive sectors, the pressure on the Central Bank for interest rate reduction will remain effective
FRANKFURT - Agence France-Presse
Speculation is rising that the ECB’s governing council could signal plans for what is known as ‘quantitative easing’ this week after consumer price data showed the eurozone is flirting with deflation
ISTANBUL – Reuters
The Central Bank has shown signals of refocusing on price stability and hinted that it foresees that Turkish economic growth will lose momentum in the second half of the year
NICOSIA - Agence France-Presse
International lenders will withhold the next payment in Cyprus’s 10 bln euros bailout unless parliament this week passes a crucial law speeding up foreclosures of non-performing banks loans
Taxi fares in Istanbul will soon be hiked by around 9 percent for the first time in 18 months.
ANKARA - Reuters
Turkish Deputy Prime Minister Ali Babacan will retain overall responsibility for the economy in the new government, a move likely to ease concerns of a turf war within the Cabinet
Turkey’s sole stock exchange Borsa Istanbul is reportedly holding talks with one European and one American giant for the potential sale of a minority of the exchange’s shares
The move is likely to alarm investors already concerned over economy
A Turkish advertisement agency is preparing to introduce audio commercials at shopping malls, increasing the number of advertisements to which individuals are exposed in daily life.
PM Ahmet Davutoğlu did not make changes in the economy administration headed by Deputy Prime Minister Ali Babacan, a figure known for spreading confidence to the markets
Turkey’s Central Bank has trimmed its overnight lending rate by 0.75 points, narrowing the rate corridor in a surprise move, but kept its key interest rate steady at a time of high inflation
ANKARA – Anadolu Agency
July’s deficit this year dropped to $6.46 billion from $9.9 billion compared to the same month of last year, shrinking by 34.8 percent
ISTANBUL - Doğan News Agency
Turks’ soaring debt levels are beginning to set off alarm bells, with the number of consumers having difficulty paying credit card debts jumping by more than 30 percent in June compared to the same month last year.
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