Türkiye raises year-end inflation forecast amid soaring prices

STORY: Türkiye raises year-end inflation forecast amid soaring prices SHOOTING TIME: May 9, 2024 & Earlier footage DATELINE: May 10, 2024 LENGTH: 00:01:19 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank (earlier footage) 2. SOUNDBITE 1 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 3. various of Turkish lira (earlier footage) 4. SOUNDBITE 2 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 5. various of Turkish lira (earlier footage) 6. various of Turkish Central Bank (earlier footage) STORYLINE: Türkiye's Central Bank has raised its end-of-year inflation forecast for 2024 to 38 percent, a two-percentage-point increase from previous estimates, as revealed in its latest quarterly report. The bank's outlook for the subsequent years remains unchanged, with inflation expected to decrease to 14 percent in 2025 and 9 percent in 2026, aiming for a medium-term stabilization target of 5 percent. Centr

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

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

Turkish currency plunges to new low against USD amid high inflation

STORY: Turkish currency plunges to new low against USD amid high inflation SHOOTING TIME: Feb. 16, 2024 DATELINE: Feb. 17, 2024 LENGTH: 00:01:10 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. Murat Tufan, an analyst with Turkish broadcaster Ekoturk speaking in an interview 3. various of Turkish Minister of Treasury and Finance Mehmet Simsek speaking at the Türkiye-Saudi Arabia Investment and Business Forum in Istanbul, Türkiye 4. various of Turkish Central Bank 5. various of Fatih Karahan, Turkish Central Bank chief STORYLINE: The Turkish currency plunged to a new low on Friday against the U.S. dollar, losing 0.3 percent of its value in 24 hours while the country has been trying to curb high inflation. The lira stood at 30.83 against the dollar at 4:00 p.m. local time (1300 GMT) after hitting 30.87. Murat Tufan, an analyst with Turkish broadcaster Ekoturk, told Xinhua that for the lira to appreciate, inflation needs to be seriously curbed in Türkiy

Expert remains cautious about inflation forecast in Türkiye

STORY: Expert remains cautious about inflation forecast in Türkiye SHOOTING TIME: Feb. 8, 2024, File DATELINE: Feb. 10, 2024 LENGTH: 00:05:01 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference of Fatih Karahan, the new Governor of Turkish Central Bank (Feb. 8, 2024) (courtesy of ihlas news agency) 2. various of Turkish Central Bank 3. various of Turkish lira 4. various of some apartments in Ankara, Türkiye 5. various of fields in Türkiye (01:03-02:12) (Aug. 5, 2022) (courtesy of ihlas news agency) 6. various of Turkish lira 7. SOUNDBITE (Turkish): MUSTAFA SONMEZ, Istanbul-based economist STORYLINE The new head of Türkiye's central bank said the bank will maintain its tight policy stance until high inflation drops to target, as it held its year-end consumer price forecast at 36 percent. In a press conference in the capital city of Ankara, Fatih Karahan said that monetary tightness will be maintained so long as a disinflation process yields results. Karahan recently replaced H

TÜRKIYE-ANKARA-CENTRAL BANK-MONETARY POLICY

TÜRKIYE-ANKARA-CENTRAL BANK-MONETARY POLICY

(240208) -- ANKARA, Feb. 8, 2024 (Xinhua) -- New governor of Türkiye's central bank Fatih Karahan speaks in Ankara, Türkiye, on Feb. 8, 2024. Türkiye's central bank will maintain its tight monetary policy stance until the inflation drops to a targeted level, said the bank's new governor Fatih Karahan Thursday. (Photo by Mustafa Kaya/Xinhua)

(Chengdu Universiade)CHINA-SICHUAN-CHENGDU-WORLD UNIVERSITY GAMES-JUDO(CN)

(Chengdu Universiade)CHINA-SICHUAN-CHENGDU-WORLD UNIVERSITY GAMES-JUDO(CN)

(230729) -- CHENGDU, July 29, 2023 (Xinhua) -- Jeon Seungbeom (L) of South Korea competes with Emirhan Karahan of Türkiye during the contests for bronze medals of Judo men's 60kg at the 31st FISU Summer World University Games in Chengdu, southwest China's Sichuan Province, July 29, 2023. (Xinhua/Luo Xuefeng)