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Turkish finance minister sees single-digit inflation by mid-2023

Turkish finance minister sees single-digit inflation by mid-2023

© Reuters. FILE PHOTO: Shoppers carry bags as they stroll at the Eminonu district amid the spread of the coronavirus disease (COVID-19), in Istanbul, Turkey January 12, 2021. REUTERS/Murad Sezer By Ali Kucukgocmen ISTANBUL (Reuters) -Turkey’s annual inflation rate will be in single digits by the time presidential and parliamentary elections set for mid-2023 are…

Central banks start turning off the cash taps

Central banks start turning off the cash taps

© Reuters. FILE PHOTO: The U.S. Federal Reserve Building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo By Tommy Wilkes LONDON (Reuters) – As speculation grows about when the Federal Reserve will begin reducing the size of its balance sheet, some analysts say the era of “quantitative tightening” has already started. Central bank…

Exclusive-BOJ debates messaging on eventual rate hike as inflation perks up

Exclusive-BOJ debates messaging on eventual rate hike as inflation perks up

2/2 © Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo/File Photo 2/2 By Leika Kihara TOKYO (Reuters) – Bank of Japan policymakers are debating how soon they can start telegraphing an eventual…

‘No money left’: Lebanese telcos close to meltdown as cable thieves thrive

‘No money left’: Lebanese telcos close to meltdown as cable thieves thrive

3/3 © Reuters. People queue outside an Alfa telecommunications store in Beirut, Lebanon January 12, 2022. REUTERS/Mohamed Azakir 2/3 By Laila Bassam and Timour Azhari BEIRUT (Reuters) – Lebanon’s telecom duopoly, once cash cows for the state, used to allocate most of their spending on wages, rent and infrastructure. Now revenues have nosedived, and the…

Erdogan vows to tame Turkish inflation as scepticism grows

Erdogan vows to tame Turkish inflation as scepticism grows

© Reuters. FILE PHOTO: Turkish lira banknotes are pictured at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer By Nevzat Devranoglu and Tuvan Gumrukcu ANKARA (Reuters) -President Tayyip Erdogan promised on Wednesday to tame Turkey’s surging inflation, which hit 36% last month, but economists predicted it could push much higher, piling…