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Foreign Economists Expect Hike In Turkey Policy Rate
Turkish Central Bank to increase policy rate by 100 basis points, foreign economists forecast. Foreign economists on Wednesday predicted the Turkish Central Bank (CBRT) this week will hike the benchmark policy rate by 100 basis points.
The bank s Monetary Policy Committee (MPC) is set to meet Thursday to announce a decision on interest rates. It is important that the CBRT sends yet another strong signal that it remains fully committed to support the lira in order to keep inflation on track to start falling in the second half of the year, Piotr Matys, a strategist at Dutch-based Rabobank, told Anadolu Agency.
The participation rate of Saudi nationals in the workforce edged up to 49 per cent, from 48.8 per cent in the prior quarter, the data showed.
Saudi Arabia s economy will continue to recover this year, but with oil output being ramped up only gradually and fiscal policy to remain tight, the recovery is likely to be slower than in the other Gulf states , London-based Capital Economics said in a note on Friday.
The kingdom plans to spend 990 billion riyals ($264bn) next year, 7.5 per cent less than in 2020, and its fiscal deficit is set to narrow to 4.9 per cent of gross domestic product, King Salman bin Abdulaziz said when approving its 2021 budget last month. It is forecasting growth of 3.2 per cent this year.
At the start of an annual gathering of professional investors in December, Jim Paulsen - the Minneapolis market analyst whose humor and knack for clarity has given him a national profile - brought up the elephant in the room.
Dubai: After talks that lasted nearly three years, Britain reaching a momentous deal on the country’s exit from the European Union days before the critical December 31 deadline, is viewed as accelerating the economy’s recovery in the year ahead.
A new era has begun for the United Kingdom after it completed its formal separation from the European Union and stopped following EU rules at 2300 GMT on December 31, as replacement arrangements for travel, trade, immigration and security co-operation came into force.
2021 is bound to be a better year for the economy than 2020, viewed Paul Dales, Chief UK Economist at London-based Capital Economics, late last month, while also noting that that deal removes one potential brake on economic recovery amid a virus-plagued backdrop.