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BBCNEWS Asia Business Report June 4, 2024 23:34:00

China. us presidentjoe biden kicked off his 2024 reelection bid for the pitch to union members in the working class city of philadelphia over the weekend. mr biden has been, seen as the most pro union president in history in the block is a key part of his electoral campaign. this also marked mr biden s first political rally since announcing his bid this week is shaping up to be an important one and we re keeping a close eye on thursday. that s when it s decision time in ankara the central bank of turkey will announce its latest decision on the cost of borrowing. it s theirfirst meeting since president erdogan won a new term in a recent election runoff. the turkish lira is currently on its longest losing streak in over two decades. also on thursday is when us fed chairjerome powell delivers the second of his twice yearly reports to congress on monetary policy. analysts are hopeful they ll get more clarity on what the fed intends ....

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BBCNEWS World Business Report June 4, 2024 04:47:00

Let s talk inflation in turkey. analysts expect that figures out today could see it hitting an eye watering 60%. the country s annual inflation rate surged after the central bank cut interest rates to 14% from 19% late last year on the orders of president erdogan. the impact of the russia ukraine conflict and rising commodity prices are said to have played a large part in the recent surge. joining me now is guido cozzi, professor of macroeconomics at the university of st gallen. welcome to the programme. 60%. many of us cannot get our heads around that. we are worried with 7% rise in inflation. why is it so bad in turkey? the reason is is it so bad in turkey? the reason is an is it so bad in turkey? tie: reason is an expansionary monetary policy has been that the central bank of turkey has been pumping money like there is no tomorrow. if one looks at the statistics for the monetary ....

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Turkeys inflation data may embolden Erdogan

The inflation print beat expectations of 20.4% YoY, possibly because of the 200bps rate cut on October 21st! ....

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Criptomonedas: riesgos y rentabilidad Diario Expreso

Criptomonedas: riesgos y rentabilidad Diario Expreso
expreso.com.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expreso.com.pe Daily Mail and Mail on Sunday newspapers.

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El Dogecoin ni se inmuta por el derrumbe del Bitcoin y ya vale casi 48.000 millones de dólares

El Dogecoin ni se inmuta por el derrumbe del Bitcoin y ya vale casi 48.000 millones de dólares
lagaceta.com.ar - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lagaceta.com.ar Daily Mail and Mail on Sunday newspapers.

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