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Turkey delivers another major interest rate hike
Turkey delivers another major interest rate hike
Economy
by  AFP

Turkey's central bank on Thursday surprised the market with a larger-than-expected interest hike as it ramped up its fight against inflation and efforts to support the slumping lira. And Erkan has been trying to calibrate rate hikes to levels that both fight inflation and avoid infuriating Erdogan.

The economy, stupid? UK PM Sunak's 'only' chance of re-election
The economy, stupid? UK PM Sunak's 'only' chance of re-election
Economy
by  AFP

UK leader Rishi Sunak's hopes of turning around his beleaguered Conservative party's fortunes before a likely general election next year hinge on a British economic recovery, observers say. However, it forecast that economic output would grow by just 0.7 percent next year, sharply down from a previous prediction of a solid 1.8-percent expansion.