The Bank of Japan kept its policy interest rate unchanged at 0.50 percent, in line with market expectations. Following its monetary policy meeting, the Bank of Japan (BoJ) announced its decision on interest rates. According to the unanimous decision, the short-term interest rate was maintained at 0.50 percent. The decision statement noted that while there […]
Some real estates will be urgently expropriated for energy projects in various cities in Turkey. Presidential decisions regarding urgent expropriation in the energy sector have been published in the Official Gazette. According to this, in accordance with the connection agreements, certain real estates in Eskişehir for the “154 kV Acıbadem Eskişehir GES TM-Eskişehir OSB TM […]
The BIST 100 index in Borsa Istanbul started the day with a 6.87% decrease at 10,060 points. After losses exceeded 5% at the opening, the circuit breaker was triggered. The BIST 100 index in Borsa Istanbul started the day with a 6.87% decrease at 10,060 points. Following the sharp drop in the index, the circuit […]
Unexpectedly severe and prolonged cold weather led to detrimental agricultural frost damage. Potatoes were left in the fields, while fruits, vegetables, and grains suffered significant losses. It is expected that prices of products affected by agricultural frost will increase. Concerns about crop yields are rising in fruit and vegetable production areas. Agricultural frost occurred in […]
Global markets are closely watching the Fed’s interest rate decision. While keeping the policy rate stable seems certain, President Powell’s remarks will be closely monitored. The tariffs imposed by US President Donald Trump on major trading partners of the country and the retaliations from these countries are increasing the risk perception in this period where […]
Gold prices continued their record series due to uncertainties in trade and geopolitical tensions. The price of an ounce of gold reached a peak of $3,039. Global trade uncertainties and increasing geopolitical tensions have contributed to the ongoing record series of gold prices. Starting the day with an increase, gold hit a record high at […]
The Ministry of Trade has opened a tariff quota with a 5% duty on corn imports, not exceeding 1 million tons until June 30th to prevent supply security and price increase risks for corn production. The decision regarding the implementation of the ‘Decision on the Application of Tariff Quota for Corn Imports’ was published in […]
Research is ongoing on the deadline for submitting declarations for those who earn rental income. Property owners who earn over 33 thousand liras annually from residential rental, and over 230 thousand liras from commercial properties will pay income tax. Those earning rental income below the exemption amount will not need to submit a declaration. The […]
The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) had reduced the policy interest rate, the one-week repo auction interest rate, by 250 basis points to 42.50 percent. Many individuals closely following the economic agenda are now focusing on the third interest rate decision of the CBRT this year. So, when […]
The latest news highlights the recurring issue of the U.S. debt ceiling. With the national debt reaching its limit of $36.1 trillion, urgent measures are required to raise the ceiling in order to avoid a potential default. The back-and-forth process of raising the debt ceiling has become a common occurrence, often resulting in last-minute compromises […]
