U.S. new rate hike casts further shadow on Turkish economic outlook: expert

**This is a 60-seconds sample of the video. For the full version, please contact us.**

U.S. new rate hike casts further shadow on Turkish economic outlook: expert

STORY: U.S. new rate hike casts further shadow on Turkish economic outlook: expert DATELINE: July 29, 2022 LENGTH: 00:01:36 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Federal Reserve building 2. various of exchange office, Information including Turkish lira and U.S. dollar value information at the exchange office in Istanbul, Türkiye 3. various of bank clerk at exchange office counting U.S. dollars in Istanbul, Türkiye 4. various of Türkiye's central bank, employees counting Turkish lira in Türkiye 5. various of people shopping at the bazaar, supermarket in Istanbul, Türkiye STORYLINE: The remaining hopes for the Turkish economy to get better sooner are vanishing fast after the latest U.S. Federal Reserve's interest rate hike, Turkish economist and writer Mustafa Sonmez told Xinhua in an interview on Thursday. Sonmez made the comments after the U.S. Fed's decision to raise the interest rate by 0.75 percentage points on Wednesday in an attempt to cool down the hottest in

  • Product Code
  • ILEA000999707
  • Registered date
  • 2022/7/29 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 105.24(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    India's forex reserves rise to 648.562 bln USD

    STORY: India's forex reserves rise to 648.562 bln USD SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:02 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of building of the Reserve Bank of India 3. various of market STORYLINE: India's foreign exchange (forex) reserves further rose by 2.98 billion U.S. dollars to 648.562 billion U.S. dollars in the week ended April 5, according to the weekly statistics issued by the country's central bank the Reserve Bank of India (RBI) on Friday. This was the seventh consecutive week when India's forex reserves moved upwards. The foreign currency assets, a key component of the forex reserves, rose by 549 million U.S. dollars to 571.166 billion U.S. dollars during the cited period, showed the RBI data. Meanwhile, the gold reserves rose by 2.398 billion U.S. dollars to 54.558 billion U.S. dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

      ADB forecasts 4.9 pct growth for developing Asia and Pacific in 2024, 2025

      STORY: ADB forecasts 4.9 pct growth for developing Asia and Pacific in 2024, 2025 SHOOTING TIME: April 11, 2024 DATELINE: April 12, 2024 LENGTH: 00:02:02 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. various of Makati City 2. various of ADB headquarters 3. various of aerial footage of Manila STORYLINE: Asia and the Pacific's economy remains strong, with the growth rate in the region's developing economies projected at 4.9 percent in 2024 and 2025, the Asian Development Bank (ADB) Thursday said in its latest outlook report. Despite uncertainties in the external environment, including escalating geopolitical tensions, the outlook "is broadly positive," said ADB in the annual flagship outlook report. The end of interest rate hiking cycles in most economies, as well as continued recovery in goods exports from an upturn in the semiconductor cycle, will support growth, ADB Chief Economist Albert Park said in the report. Stronger growth in South Asia and Southeast Asia will lead the region's perform

        9 suspects detained in Istanbul fire, investigation ongoing

        STORY: 9 suspects detained in Istanbul fire, investigation ongoing SHOOTING TIME: April 2/3, 2024 DATELINE: April 4, 2024 LENGTH: 00:01:52 LOCATION: ISTANBUL, Türkiye CATEGORY: SOCIETY SHOTLIST: 1. various of the interior of the nightclub damaged by the massive fire 2. various of Ekrem Imamoglu, mayor of Istanbul STORYLINE: Turkish police have detained nine suspects in connection with a fire here that killed 29 people, the Istanbul governor's office told Xinhua on Wednesday. Among the detained individuals are a nightclub's managers and several individuals responsible for renovation works, the office noted. It emphasized that a comprehensive investigation into the incident is currently underway. The fire erupted on Tuesday during renovation activities at a nightclub in the basement of a 16-story building in the Gayrettepe neighborhood of the Besiktas district on the European side of the city. Preliminary findings by firefighters suggested that the fire started when fiber materials ignited during

          Turkish central bank raises policy interest rate to 50 pct

          STORY: Turkish central bank raises policy interest rate to 50 pct SHOOTING TIME: November 2023 and March 2024 DATELINE: March 22, 2024 LENGTH: 00:01:25 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkish Central Bank (Nov. 30, 2023) 2. various of the Turkish lira (Nov. 30, 2023) 3. various of people at a shopping mall in Türkiye (March 19 2024) (courtesy of ihlas news agency) 4. various of people at a supermarket in Türkiye (March 14, 2024) (courtesy of Ankara Metropolitan Municipality) 5. various of the Turkish lira (Nov. 30, 2023) 6. various of Fatih Karahan, governor of Turkish Central Bank (March 12, 2024) (courtesy of ihlas news agency) 7. various of the Turkish Central Bank (Nov. 30, 2023) STORYLINE: Türkiye's central bank has resumed its interest rate hikes, increasing the policy rate by 500 basis points to a substantial 50 percent, the bank said in a statement on Thursday. The move came as the bank aimed to tackle the persistent inflation that has been higher than anticipated

            Mexico's central bank cuts interest rate for 1st time in 3 years

            STORY: Mexico's central bank cuts interest rate for 1st time in 3 years SHOOTING TIME: Archives DATELINE: March 22, 2024 LENGTH: 00:01:15 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. aerial view of Mexico City 2. various of the banks in Mexico 3. various of banknotes STORYLINE: The Central Bank of Mexico (Banxico) on Thursday reduced its benchmark interest rate for the first time in three years. The benchmark interest rate was reduced by 0.25 percentage points to 11.0 percent, the central bank said in a statement. Banxico said it made the decision due to a disinflationary process in the country, despite the presence of upside risks. According to the most recent official data, headline inflation in Mexico was 4.40 percent year-on-year through February. The reduction came a year after Banxico's five-member board raised the benchmark rate to 11.25 percent. Xinhua News Agency correspondents reporting from Mexico City. (XHTV)

              Türkiye raises gasoline, diesel prices

              STORY: Türkiye raises gasoline, diesel prices SHOOTING TIME: Recent footage DATELINE: March 15, 2024 LENGTH: 00:01:23 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of transportation in Istanbul, Türkiye 2. various of gas station in Istanbul 3. various of local residents in Istanbul STORYLINE: Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. The prices of gasoline and diesel per liter were capped at 42.06 Turkish liras (1.31 U.S. dollars) and 41.86 liras, respectively, Turkish up-market newspaper Cumhuriyet Daily reported. According to the report, behind the new hike lies the surging price of Brent crude, which hit a four-month high above 85 dollars per barrel on Thursday. Oguz Demir, an economist and former academic at the Istanbul Commerce University, said on his social media account that "only in the first two and a half months of this year, the increase in gasoline prices (in Türkiye) has approached 22 percent." "At t

                Turks rush for USD as lira continues to depreciate amid high inflation

                STORY: Turks rush for USD as lira continues to depreciate amid high inflation SHOOTING DATE: earlier footage DATELINE: March 8, 2024 LENGTH: 00:01:27 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city 2. various of exchange office, clerk in exchange office 3. various of Turkish Central Bank, Turkish lira 4. various of Grand Bazaar, exchange office in Istanbul, Türkiye STORYLINE: The U.S. dollar's ascent against the Turkish lira continued on Thursday, leading to increased demand for the U.S. currency among Turkish citizens. The dollar was trading at 31.85 liras at 2 p.m. local time (1100 GMT), showing a slight increase from Wednesday's closing rate of 31.79 liras. In Istanbul's Grand Bazaar, an area teeming with currency exchange offices, the dollar briefly surpassed the 32-lira mark on Wednesday, prompting a surge in demand for the greenback. Long lines have formed outside these exchange offices since Wednesday as people rush to acquire dollars in anticipation of further

                  Powell reiterates U.S. Fed not ready to start cutting interest rates

                  STORY: Powell reiterates U.S. Fed not ready to start cutting interest rates SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:01:00 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the congressional hearing before the House Financial Services Committee 2. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chair 3. SOUNDBITE 2 (English): JEROME POWELL, U.S. Federal Reserve Chair 4. SOUNDBITE 3 (English): JEROME POWELL, U.S. Federal Reserve Chair 5. various of the Capitol Hill STORYLINE: U.S. Federal Reserve Chair Jerome Powell on Wednesday reiterated that the central bank is not ready to start cutting interest rates, noting that he needs to see a little bit more data before taking any action. "If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year," Powell said in prepared remarks for a congressional hearing before the House Financial Services Committee. SOUNDBITE 1 (English): J

                    Monthly poverty threshold for Turkish household hits 1,696 USD in Feb.: report

                    STORY: Monthly poverty threshold for Turkish household hits 1,696 USD in Feb.: report SHOOTING TIME: File DATELINE: March 1, 2024 LENGTH: 00:01:03 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of people walking in the city center in Istanbul, Türkiye 3. various of people shopping in supermarket in Istanbul, Türkiye STORYLINE: The total income needed to cover the basic expenses for a family of four in Türkiye, defined as the poverty threshold, reached 52,955 Turkish liras (1,696 U.S. dollars) in February, a report revealed on Thursday. The figure represents a substantial increase compared to 30,701 liras (979 U.S. dollars) in the same month of last year, according to the Confederation of Turkish Trade Unions (Turk-Is), which has been monitoring the poverty threshold in Türkiye for the past 37 years. The poverty line covers the income necessary to meet basic needs, including expenses on food, clothing, housing (rent, electricity, water, fuel

                      Turkish central bank keeps interest rate unchanged at 45 pct

                      STORY: Turkish central bank keeps interest rate unchanged at 45 pct SHOOTING TIME: Feb. 22, 2024 DATELINE: Feb. 23, 2024 LENGTH: 00:00:29 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping 2. various of Turkish Treasury and Finance Minister Mehmet Simsek 3. various of Fatih Karahan, the new Governor of Turkish Central Bank STORYLINE: Türkiye's central bank kept its interest rate unchanged at 45 percent on Thursday, completing a monetary tightening cycle to set the course for disinflation. "The current level of the policy rate will be maintained until there is a significant and sustained decline in the underlying trend of monthly inflation and until inflation expectations converge to the projected forecast range," said the bank in a statement. It added that the monetary policy stance will be tightened if a significant and persistent deterioration in the inflation outlook is anticipated. "Monetary transmission mechanism will be supported in case of unanticipated developmen