central bank - Garner Ted Armstrong Evangelistic Association

21 Mar 2024

In surprise move, Turkey’s Central Bank hikes interest rates to 50%

by Ezgi Akin | Al-Monitor | posted in: Breaking News, Middle East, News |

The move comes after the bank announced last month that it was pausing the hikes. ANKARA — Turkey’s Central Bank, in a unexpected move, hiked interest rates Thursday by another 500 basis points, from 45% to 50%. The monetary policy committee cited … Read More

6 Mar 2023

Saudi Arabia drops $5 billion in Turkey’s central bank to help its struggling economy

by Natasha Turak | CNBC | posted in: Breaking News, Middle East, News |

Saudi Arabia agreed to deposit $5 billion into Turkey’s central bank through its Saudi Fund for Development, the fund said in a statement Monday. The decision is “a demonstration of the Kingdom of Saudi Arabia’s commitment to supporting Turkey’s efforts … Read More

10 Nov 2022

Fed’s Harker Expects Pace of Rate Hikes to Slow in Months Ahead

by Craig Torres | Bloomberg News | posted in: News, United States |

(Bloomberg) — Federal Reserve Bank of Philadelphia President Patrick Harker said he expects the central bank to slow the pace of interest-rate hikes in upcoming months as US monetary policy approaches restrictive levels. “In the upcoming months, in light of … Read More