Türkiye's central bank raises interest rate to 17.5 pct

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

Türkiye's central bank raises interest rate to 17.5 pct

STORY: Türkiye's central bank raises interest rate to 17.5 pct DATELINE: July 21, 2023 LENGTH: 00:02:11 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of bank 2. various of streets view and people walking STORYLINE: Türkiye's central bank on Thursday raised its benchmark interest rate by 250 basis points to 17.5 percent from 15 percent in a move against high inflation and currency fluctuations. The central bank "decided to continue the monetary tightening process to establish the disinflation course as soon as possible, to anchor inflation expectations, and to control the deterioration in pricing behavior," the institution's monetary policy committee said in a statement. To improve market mechanisms and stability, the committee will gradually "simplify and improve the existing micro- and macroprudential framework" and pledges quantitative and credit tightening to support the rate hike, it added. The hike came nearly a month after the Turkish central bank hiked its main rate by 650 basis p

  • Product Code
  • ILEA001544941
  • Registered date
  • 2023/7/21 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 139.42(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Bank of Japan keeps interest rate unchanged, yen sinks below 156

    STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

      Turkish central bank keeps policy rate unchanged at 50 pct

      STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: Earlier footage DATELINE: April 26, 2024 LENGTH: 00:01:04 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish lira STORYLINE: Türkiye's central bank on Thursday kept its interest rate unchanged at 50 percent, saying that the monetary policy decisions in March have led to a significant tightening in financial conditions. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks," the bank said in a statement, adding that it will maintain the tight monetary stance until a significant and sustained decline in monthly inflation is observed. Despite the ongoing decline, the underlying trend of monthly inflation in March was higher than expected, the statement said. "While imports of consumer goods and gold contribute to the improvement in the current

        Inflation in Sweden slows down in March

        STORY: Inflation in Sweden slows down in March SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:30 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden (SCB) 2. various of supermarkets 3. various of Stockholm's streets STORYLINE: Inflation in Sweden slowed from 4.5 percent in February to 4.1 percent in March, Statistics Sweden (SCB) said on Friday. Mikael Nordin, a statistician at SCB, said that the cost of certain goods had decreased from the same period last year. SCB said that inflation, measured as the Consumer Price Index (CPI), was mainly driven by mortgage costs rising by 39.3 percent for apartment owners. Meanwhile, tenants paid 5 percent higher rents for their apartments than a year earlier. However, increasing housing costs were offset by cheaper diesel and electricity -- down by 17.5 percent and 9.1 percent respectively year-on-year, SCB said. Besides increased lending costs due to the Swedish central bank raising the benchmark interest rate f

          ECB leaves interest rates unchanged

          STORY: ECB leaves interest rates unchanged SHOOTING TIME: April 11, 2024 DATELINE: April 12, 2024 LENGTH: 00:01:53 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank 2. various of the EBC press conference 3. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President 4. various of the European Central Bank STORYLINE: The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged after its regular rate-setting meeting in Frankfurt, Germany. The three key interest rates are still hovering at historically high levels. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility remain unchanged at 4.5 percent, 4.75 percent and 4 percent respectively, the ECB announced in a statement. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President "So in conclusion, the governing council today decided to keep the three key ECB interest rates unchanged. We are determined to ens

            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

              Support rate for Japan's Kishida cabinet hits fresh low: poll

              STORY: Support rate for Japan's Kishida cabinet hits fresh low: poll SHOOTING TIME: Earlier footage DATELINE: April 12, 2024 LENGTH: 00:01:04 LOCATION: Tokyo CATEGORY: POLITICS SHOTLIST: 1. various of Kishida cabinet and prime minister's office of Japan (source: Prime minister's office of Japan) 2. various of the prime minister's office STORYLINE: The support rate for the cabinet led by Japanese Prime Minister Fumio Kishida dropped to 16.6 pct in April, marking a new low for the administration, according to the latest Jiji Press opinion poll. The approval rate dropped by 1.4 percentage points from the previous month, a fresh low for the administration since its launch in October 2021, while the disapproval rate climbed 2.0 percentage points to 59.4 percent, the survey showed Thursday. The reading breached the previous low of 16.9 percent marked in February, sinking to the worst level since the return of the ruling Liberal Democratic Party (LDP) to power in December 2012, Jiji Press said. Punish

                Inflation, rising prices dampen Eid festivities in Türkiye

                STORY: Inflation, rising prices dampen Eid festivities in Türkiye SHOOTING TIME: April 7, 2024 DATELINE: April 8, 2024 LENGTH: 00:02:53 LOCATION: Ankara CATEGORY: SOCIETY SHOTLIST: 1. various of people on the streets and shopping for Ramadan in Türkiye 2. SOUNDBITE 1 (Turkish): ERTAN OZTURK, Candy vendor at Ankara's bazaar 3. SOUNDBITE 2 (Turkish): MUSTAFA YUKSEL, Jewellery shop manager at Ankara's historic Ulus neighborhood STORYLINE: Soaring prices in Türkiye have pushed consumers to tighten their purse strings this festive season, one of the toughest in years as households struggle to contend with soaring prices. Annual consumer price inflation rose to 68.5 percent in the Muslim-majority nation. Over 85 million are faced with the worst economic woes in decades. At markets in Türkiye's capital city Ankara, consumers say soaring prices meant they would not be able to celebrate Eid in the same way as in past years, and they have to settle for less. Small business owners are also feeling the sting of hig

                  India's central banking institution keeps repo rate unchanged at 6.5 pct for 7th time in row

                  STORY: India's central banking institution keeps repo rate unchanged at 6.5 pct for 7th time in row SHOOTING TIME: April 5, 2024 DATELINE: April 6, 2024 LENGTH: 00:01:13 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India Gate 2. various of RBI building 3. various of banks 4. various of market area STORYLINE: India's central banking institution, the Reserve Bank of India (RBI), on Friday announced it has kept the repo rate unchanged at 6.5 percent. The repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds. This is the seventh time in a row the six-member Monetary Policy Committee (MPC) has decided to keep the key rates unchanged. According to the RBI, these decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of plus or minus 2 percent, while supporting growth. Meanwhile, the real GDP growth for 2024-25 is projected at 7.0 perce

                    Türkiye's annual inflation rate hit 68.5 pct in March

                    STORY: Türkiye's annual inflation rate hit 68.5 pct in March SHOOTING TIME: April 3, 2024 DATELINE: April 4, 2024 LENGTH: 0:01:18 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of a discount butcher in Türkiye (courtesy of ihlas news agency) 2. various of people shopping in a bazaar in Türkiye (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate hit 68.5 percent in March, up from 67.1 percent in February, official data showed Wednesday. Consumer prices registered a monthly increase of 3.16 percent, with education, communication, and the combined sector of hotels, restaurants, and cafes leading the rise at 13 percent, 5.6 percent, and 3.9 percent, respectively, according to the Turkish Statistical Institute. The cost of education experienced the highest annual increase at 104.07 percent, followed by restaurants and hotels at 94.97 percent and health at 80.25 percent. Despite implementing a monetary tightening policy since mid-2023, the inflation rate remains high i

                      Nigeria's central bank raises interest rate to 24.75 pct

                      STORY: Nigeria's central bank raises interest rate to 24.75 pct SHOOTING TIME: March 26, 2024 DATELINE: March 28, 2024 LENGTH: 00:00:56 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja 2. various of aerial shots of the Central Bank of Nigeria 3. various of Abuja 4. various of the meeting attended by Yemi Cardoso 5. SOUNDBITE (English): YEMI CARDOSO, Governor of Central Bank of Nigeria STORYLINE: The Central Bank of Nigeria (CBN) on Tuesday further raised the monetary policy rate by 200 basis points to 24.75 percent amid rising inflation in the most populous African country. The move, made barely one month after it raised the interest rate to 22.75 percent, was in consideration of the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability, CBN Governor Yemi Cardoso, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja. SOUNDBITE (English): YEMI CARDOSO, Governo