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Turkish Central Bank Holds Rates Unchanged, Erdogan Raises Minimum Wage By 55%

Turkish Central Bank Holds Rates Unchanged, Erdogan Raises Minimum Wage By 55%

Turkey's central bank left its key interest rates unchanged on Thursday after lowering them sharply over the past four meetings as President Recep Tayyip Erdogan in Ankara raised the monthly minimum wage by nearly 55 percent to support households reeling under the pressure of rising cost of living and sky-rocketing inflation.
RTTNews | Před 775 dny
UK Economy Headed For Long Recession? Revised GDP Fall Signals Hard Times Likely

UK Economy Headed For Long Recession? Revised GDP Fall Signals Hard Times Likely

The UK economy contracted more than estimated in the third quarter on downward revisions to industrial and construction output, vindicating the start of a long recession. The quarterly decline in gross domestic product was revised to -0.3 percent from -0.2 percent, revised data from the Office for National Statistics showed on Thursday.
RTTNews | Před 775 dny
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DAX Edges Higher In Holiday-thinned Trade

DAX Edges Higher In Holiday-thinned Trade

German stocks rose on Thursday after overnight data showed U.S. consumer confidence rose to an eight-month high in December on the back of declining inflation expectations and a strong labor market.
RTTNews | Před 775 dny
European Economics News Preview: UK Revised GDP Data Due

European Economics News Preview: UK Revised GDP Data Due

Quarterly national accounts data from the UK is the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK final GDP data for the third quarter. The preliminary estimates showed that the economy contracted 0.2 percent sequentially, offsetting the 0.2 percent increase a quarter ago.
RTTNews | Před 775 dny

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