Türkiye's hiking inflation may ease in mid-2024: Turkish economist

STORY: Türkiye's hiking inflation may ease in mid-2024: Turkish economist SHOOTING TIME: Dec. 28, 2023 DATELINE: Dec. 29, 2023 LENGTH: 0:02:48 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets and shopping in Türkiye 2. various of Turkish Central Bank 3. various of Turkish lira 4. SOUNDBITE (Turkish): ARDA TUNCA, Istanbul-Based Economist And Columnist STORYLINE: Türkiye has been struggling with economic woes due to high inflation, sharp depreciation of the currency and rising borrowing costs. Arda Tunca, an Istanbul-based economist and columnist, told Xinhua in a recent interview, that the effect of the Turkish government's monetary-tightening measures to curb inflation is likely to be felt starting mid-2024. SOUNDBITE (Turkish): ARDA TUNCA, Istanbul-Based Economist And Columnist "The monetary tightening that we witnessed since June has prepared the base of what is coming next. This was a preparatory period. From now on, we can expect the effect of these measures on infl

Turkish lira falls ahead of central bank decision

STORY: Turkish lira falls ahead of central bank decision DATELINE: July 19, 2023 LENGTH: 00:00:54 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city 2. various of exchange office in Istanbul 3. various of Türkiye's central bank 4. various of Hafize Gaye Erkan, governor of Türkiye's central bank STORYLINE: Turkish lira weakened more than 2 percent on Tuesday against the U.S. dollar ahead of a key rate decision by the central bank. The lira stood at 26.96 against the dollar at 4:00 p.m. local time (1300 GMT) after falling to a record low of 27. The currency has lost about 30 percent of its value against the greenback this year. Lira's depreciation came as the central bank is due to make a decision on its key interest rate on Thursday. In June, the bank hiked the interest rates by 15 percent, the first increase in 27 months, under the central bank's new governor Hafize Gaye Erkan. President Recep Tayyip Erdogan, a staunch supporter of low rates policy despite soaring infl

GLOBALink | Panchen Rinpoche visits Jokhang Temple in Lhasa, Tibet

STORY: Panchen Rinpoche visits Jokhang Temple in Lhasa, Tibet DATELINE: May 18, 2022 LENGTH: 0:01:05 LOCATION: LHASA, China CATEGORY: CULTURE/SOCIETY SHOTLIST: 1. Panchen Rinpoche visiting Jokhang Temple STORYLINE: Panchen Rinpoche on Wednesday visited Jokhang Temple, the most revered monastery in Lhasa, starting his activities in southwest China's Tibet Autonomous Region this year. Panchen Erdeni Chos-kyi rGyal-po, a leader of Tibetan Buddhism, arrived at Jokhang Temple at 5:26 a.m. Wednesday, greeted by monks lining up and holding Tibetan incense or Buddhist prayer flags. Panchen Rinpoche visited the temple, paid homage, and presented hada to the statues of Buddhas. He then led sutra chanting at the temple, praying for peace, prosperity and stability, before performing a head-touching ritual to bless the monks. Panchen Rinpoche arrived in Lhasa on May 10. During his stay in Tibet, Panchen Rinpoche will attend a series of religious and social activities. Panchen Rinpoche is one of the most infl