ISTANBUL, Turkey—Turkey’s annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to
The state statistics agency said prices rose by 58.9 percent over 12 months ending in August compared to 47.8 percent in July.
“This will heap pressure on the to further significantly hike policy rates from 25 percent at present.” Analysts feared that Turkey would enter a systemic crisis unless Erdogan radically changed course after the vote.He did just that by overhauling his government and tapping a handful of respected Wall Street veterans to top economic posts.
Turkish media reported that he signed off on last month’s rate decision after being convinced that it would only remain in place “for a while”.“Risks will remain high for as long as President Erdogan stays in power,” Capital Economics emerging markets economist Liam Peach wrote in a report.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Pope in Mongolia to complete centuries-old East-West mission | Nicole Winfield / Associated PressVATICAN CITY—When Pope Francis travels to Mongolia from September 1 to 4, he will in some ways be completing a mission begun by the 13th-century Pope Innocent IV, who dispatched emissaries east to ascertain the intentions of the rapidly expanding Mongol Empire and beseech its leaders to halt the bloodshed…
Baca lebih lajut »
Muslim call to prayer can now be broadcast in NYC | Karen Matthews / Associated PressNEW YORK—The Muslim call to prayer will ring out more freely in New York City under guidelines recently announced by Mayor Eric Adams, which he said should foster a spirit of inclusivity. Under the new rules, Adams said, mosques will not need a special permit to publicly broadcast the Islamic…
Baca lebih lajut »
China's Baidu makes AI chatbot Ernie Bot publicly available | Zen Soo / The Associated PressChinese search engine and artificial intelligence firm Baidu made its ChatGPT-equivalent language model fully available to the public Thursday, raising the company’s stock price by over 3% following the announcement. Beijing sees artificial intelligence as a key industry to rival the United States and aims to become a global leader…
Baca lebih lajut »
The math problem: How schools can help kids catch up | Ariel Gilreath of The Hechinger Report & Jackie Valley of The Christian Science Monitor / The Associated PressOn a breezy July morning in South Seattle, a dozen elementary-aged students ran math relays behind an elementary school. One by one, they raced to a table, where they scribbled answers to multiplication questions before sprinting back to high-five their teammate. These students are part of a summer program run…
Baca lebih lajut »
Russia says it thwarted Ukraine’s drone attacks on bridge in Crimea | Susie Blann / The Associated PressKYIV, Ukraine—Russia said Saturday its forces destroyed three Ukrainian naval drones being used in an attempt to attack a key bridge linking Russia to the Moscow-annexed Crimean Peninsula, forcing its temporary closure for a third time in less than a year. One naval drone was destroyed late Friday and two…
Baca lebih lajut »
US falls to Lithuania at Basketball World Cup but still qualifies for Paris Olympics | Tim Reynolds / The Associated PressMANILA, Philippines (AP) — The U.S. is going to the Paris Olympics next summer. Lithuania made sure that was the only good development for the Americans on Sunday night, when it pulled off a Basketball World Cup stunner. Vaidas Kariniauskas scored 15 points, Mindaugas Kuzminskas added 14 and Lithuania beat…
Baca lebih lajut »