ISTANBUL: Indonesia’s central bank on Wednesday announced a cut in its policy rate by 25 basis points to 6%, in its first rate cut since February 2021.
Bank Indonesia had been gradually raising the rate since August 2022 from 3.75% to 6.25%, before k…
ANKARA: The eurozone’s annual consumer inflation rate in August slowed to more than 3-year low of 2.2% matching initial estimate, according to a second reading released on Wednesday.
The figure was down from 2.4% in July, Eurostat data showed.
Core …
ANKARA: Trkiye’s benchmark stock index finished Wednesday at 9,774.49 points, rising 0.17% from previous close.
After starting the day at 9,753.17 points, Borsa Istanbul’s BIST 100 index gained 16.35 points with a daily transaction volume of 63 billi…
ISTANBUL: US Federal Reserve Chair Jerome Powell said Wednesday that inflation in the US “eased substantially” after the central bank delivered its first interest rate cut in more than four years.
The Fed lowered the interest rate by 50 basis points …
ISTANBUL: Major US stock exchanges closed Wednesday with losses after the Federal Reserve delivered its largest interest rate cut in 16 years.
The Dow Jones industrial average fell 103 points, or 0.25%, to end the session at 41,503. The SandP 500 los…