The 74th issue of the Weekly Economic Bulletin, prepared by the Economic Research Unit of the Department of Economics at Ibn Haldun University, has been released. This issue focuses on inflation expectations, monetary policy decisions, and key developments in the global economy.
According to the highlights, the Central Bank of the Republic of Türkiye (CBRT) Market Participants Survey showed that the 12-month-ahead inflation expectation declined slightly to 23.81% in June, compared to 23.82% in May.
The CBRT decided to keep its policy rate unchanged at 37% during its June meeting.
In the United States, inflation increased by 0.5% month-on-month and 4.2% year-on-year, in line with market expectations. Annual inflation thus reached its highest level since April 2023. In April, annual inflation had been recorded at 3.8%.
The European Central Bank (ECB) raised all key interest rates by 25 basis points. The deposit facility rate was increased to 2.25%, the main refinancing rate to 2.40%, and the marginal lending facility rate to 2.65%. This marked the ECB’s first interest rate hike since 2023.
In China, the Producer Price Index (PPI) rose by 3.9% year-on-year in May, reaching its highest level since July 2022 and exceeding economists’ expectations of 3.8%.
On Friday, spot gold traded at around $4,178 per ounce, while gram gold was priced at approximately ₺6,228.
You can access the full version of the bulletin via the link below.
Published weekly, the Economic Bulletin serves as a news source for academics and students in economics, political science, public administration, law, international relations, and related disciplines.
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