Gold prices have retreated from record levels due to profit-taking. The price of an ounce of gold is trading around $3,327. Global tensions easing and investors engaging in profit-taking have caused gold prices to decline from peak levels. With Easter Holiday in the markets today, gold prices traded within a narrow range. After hitting a […]
President Trump’s proposed tariffs have caused uncertainty and worry in global markets due to their potential negative impact on American households and businesses. Tariffs act as taxes that obstruct trade and economic growth, resulting in a decrease in wealth for the U.S. While there is hope for negotiations with other nations, retaliatory measures could amplify […]
Last week, Exchange Rate Protected Turkish Lira Deposits and Participation Accounts (KKM) decreased by 16 billion 202 million lira, reaching 728 billion 91 million lira. According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the total loan volume of the banking sector increased by 283 billion 550 million lira to […]
The reserves of the Central Bank decreased by 6.773 billion dollars last week, reaching 147.488 billion dollars. The Central Bank of the Republic of Turkey (CBRT) released its weekly money and banking statistics. As of April 11, the Central Bank’s gross foreign exchange reserves decreased by 9.831 billion dollars to 68.007 billion dollars. Gross foreign […]
President Trump criticized Federal Reserve Chairman Powell for not cutting interest rates, stating that he eagerly anticipates the end of his term. After Federal Reserve Chairman Jerome Powell’s recent statement, President Donald Trump evaluated Fed’s interest rate policy on the social media platform Truth Social. Trump, who had previously frequently stated that Fed should lower […]
The European Central Bank (ECB) reduced its three key policy rates by 25 basis points in line with market expectations. The ECB lowered the main refinancing rate to 2.40%, the deposit rate to 2.25%, and the marginal lending rate to 2.65%.
The Central Bank raised its policy interest rate to 46 percent. Following the interest rate decision, there was no significant change in exchange rates for the dollar and euro. The USD/TRY traded around 38.10, while the EUR/TRY traded at 43.57. The Central Bank increased the one-week repo auction interest rate, which is the policy rate, […]
The Central Bank of the Republic of Turkey (CBRT) has increased the policy rate from 42.5% to 46%. The board also raised the overnight lending rate from 46% to 49%. Drawing attention to tension in global trade, the CBRT indicated that monthly inflation would rise in April. The CBRT raised the policy rate by 350 […]
The Ministry of Treasury and Finance denied claims that a tax amnesty and a new restructuring package were going to be introduced. The Ministry refuted the rumors of a new restructuring package. In a statement from the Ministry, it was emphasized that the news related to tax amnesty and a new restructuring package was entirely […]
In the span of two months, the number of individuals with 1 million lira or more in their accounts increased by 115,871. Consequently, the total number of millionaires reached 2,123,799. The number of account holders with 1 million lira or more in February exceeded the 2024 year-end by 115,871, with total deposits amounting to 15 […]
