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PRESS MEETING RIKSBANK'S INTEREST RATE ANNOUNCEMENT

Riksbank Governor Erik Thedéen during a press conference, in Stockholm, after the announcement that the Riksbank will leave the policy rate unchanged at 1.75 percent.Photo: Pontus Lundahl / TT / Code 10050

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RIKSBANKEN INTEREST RATE ANNOUNCEMENT MALMÖ

Riksbank Governor Erik Thedéen holds a press conference in Malmö after Tuesday's interest rate announcement. the Executive Board has decided to cut the policy rate by 0.25 percentage points, to 1.75 per cent. The Riksbank held its interest rate meeting in Malmö as part of its preparedness work. Photo: Johan Nilsson / TT / Code 50090

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde (C) speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

A journalist takes photos during a press conference at the European Central Bank (ECB) headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde (C) speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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ECB Keeps Rates Unchanged - Frankfurt

European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Zhang Fan/Xinhua/ABACAPRESS.COM

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde (C) speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A journalist takes photos during a press conference at the European Central Bank (ECB) headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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GERMANY-FRANKFURT-ECB-PRESS CONFERENCE

(240718) -- FRANKFURT, July 18, 2024 Photo by Xinhua/ABACAPRESS.COM) -- European Central Bank (ECB) President Christine Lagarde (C) speaks at a press conference at the ECB headquarters in Frankfurt, Germany, July 18, 2024. The ECB on Thursday decided to leave key interest rates unchanged at its regular rate-setting meeting. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.25 percent, 4.5 percent, and 3.75 percent respectively, announced the central bank in a statement. Photo by Xinhua/ABACAPRESS.COM/Zhang Fan)

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Turkish central bank keeps policy rate unchanged at 50 pct

STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: File DATELINE: May 24, 2024 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of Turkish lira 3. various of Turkish central bank 4. various of Turkish lira 5. various of Turkish central bank STORYLINE: Türkiye's central bank announced on Thursday that it would keep its interest rate unchanged at 50 percent, which is in line with market expectations. "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. The bank said that the underlying trend of monthly inflation registered a limited decline in April, while the recent indicators point to a slowdown in domestic demand compared to the first quarter. Meanwhile, consumption goods imports increased in April, limiting the improvement in the current account balance.

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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

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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

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SRI LANKA-COLOMBO-INTEREST RATES-REDUCING

(240326) -- COLOMBO, March 26, 2024 (Xinhua) -- Sri Lanka's central bank governor Nandalal Weerasinghe speaks at a press conference in Colombo, Sri Lanka, on March 26, 2024. Sri Lanka's central bank decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 50 basis points to 8.50 percent and 9.50 percent respectively, the bank's statement said on Tuesday. (Photo by Gayan Sameera/Xinhua)

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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)

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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

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Bank of Japan ends negative interest rates in historic policy overhaul

STORY: Bank of Japan ends negative interest rates in historic policy overhaul SHOOTING TIME: Earlier footage DATELINE: March 19, 2024 LENGTH: 0:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Japan 2. various of city views in Tokyo STORYLINE: The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. After a two-day policy meeting, the central bank's policy board decided to guide short-term rate to a range of 0 to 0.1 percent, up a fraction from minus 0.1 to 0 percent, judging that its goal of attaining a stable 2 percent inflation is "in sight." "It came into sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner," the BOJ said in a post-meeting statement. On top of returning to positive rates, the BOJ also decided to scrap it

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Egypt's central bank raises interest rates by 600 bps

STORY: Egypt's central bank raises interest rates by 600 bps SHOOTING TIME: earlier footage DATELINE: March 7, 2024 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: The Central Bank of Egypt (CBE) raised its interest rates by 600 basis points (bps) on Wednesday and said it would allow the exchange rate to be determined by the market in a bid to ensure a smooth transition to a flexible inflation targeting regime. In a statement, the central bank raised the overnight lending rate to 28.25 percent, its overnight deposit rate to 27.25 percent, and the rate of the main operation to 27.75 percent. The CBE decided to accelerate the monetary tightening process in order to fast-track the disinflation path and ensure a decline in underlying inflation. Egypt's annual inflation figures, despite recent declines, are expected to remai

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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

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Egypt's central bank raises interest rates by 200 bps to ease inflation

STORY: Egypt's central bank raises interest rates by 200 bps to ease inflation SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 2, 2024 LENGTH: 00:00:54 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting Egyptian banknotes 3. various of a market STORYLINE: The Central Bank of Egypt (CBE) raised its overnight interest rates by 200 basis points (bps) on Thursday over uncertainty surrounding the inflation outlook. The rate hike brings the lending rate to 22.25 percent and the deposit rate to 21.25 percent. "Widespread inflationary pressures remain elevated, continuing to impact pricing and consumption behaviors," the bank said in a statement. Egypt's annual headline and core inflation continued to decelerate, recording 33.7 percent and 34.2 percent in December 2023. However, geopolitical uncertainty and ongoing maritime trade disruptions continue to raise domestic and global inflationary pressures. The meeting came amid the co

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Türkiye raises policy rate to 45 pct as predicted

STORY: Türkiye raises policy rate to 45 pct as predicted SHOOTING TIME: Jan. 9, 2024/Nov. 30, 2023 DATELINE: Jan. 26, 2024 LENGTH: 00:01:14 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank (Nov. 30, 2023) 2. various of Turkish lira (Nov. 30, 2023) 3. various of people at cashpoints in Türkiye (Jan. 9, 2024) 4. various of Turkish lira (Nov. 30, 2023) STORYLINE: The Turkish central bank on Thursday raised its key interest rate by 250 basis points to 45 percent, in line with market expectations. The central bank's monetary policy committee said in a statement that the level of monetary tightening required to establish disinflation has been reached. "Taking into account the lagged impact of monetary tightening, the committee assesses that the monetary tightness required to establish the disinflation course is achieved and that this level will be maintained as long as needed," the statement said. According to the statement, the committee assessed that the current policy rate le

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U.S. Fed leaves interest rates unchanged as inflation cools, signaling end to rate hiking cycle

STORY: U.S. Fed leaves interest rates unchanged as inflation cools, signaling end to rate hiking cycle SHOOTING TIME: Dec. 13, 2023 DATELINE: Dec. 14, 2023 LENGTH: 0:00:36 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as inflation continued to cool, signaling an end to its rate hiking cycle and possible rate cuts next year. "Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter," the Federal Open Market Committee (FOMC) said in a statement after concluding a two-day policy meeting, the last in 2023. "Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated," the committee said. The central bank noted that tighter financial and credit conditions for households and

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Turkish central bank raises policy interest rate to 40 pct

STORY: Turkish central bank raises policy interest rate to 40 pct SHOOTING TIME: Nov. 13, 2023 DATELINE: Nov. 24, 2023 LENGTH: 00:01:12 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank (date: Nov. 13, 2023) (edited) 2. various of Turkish Lira (date: Nov. 13, 2023) (edited) 3. various of Turkish Central Bank Governor Hafize Gaye Erka (date: Nov. 2, 2023) (edited) 4. various of Turkish Lira (date: Nov. 13, 2023) (edited) 5. various of Turkish Central Bank (date: Nov. 13, 2023) (edited) STORYLINE: Türkiye's central bank increased on Thursday its policy rate by 500 basis points to 40 percent. The central bank's monetary policy committee said in a statement that the current level of monetary tightness is assessed to be significantly close to the level required to establish the disinflation course. "Accordingly, the pace of monetary tightening will slow down, and the tightening cycle will be completed shortly," the central bank said in a statement, while noting "the monetar

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Australia's central bank lifts cash rate to 4.35 pct

STORY: Australia's central bank lifts cash rate to 4.35 pct SHOOTING TIME: Nov. 7, 2023 DATELINE: Nov. 8, 2023 LENGTH: 0:01:09 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney Opera House 2. various of the Reserve Bank of Australia 3. various of banks STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday decided to raise the cash rate target by 25 basis points to 4.35 percent, after keeping the rate on hold for four consecutive months. Following a monetary policy meeting on Tuesday, RBA Governor Michele Bullock said in a statement that the rise in interest rates was warranted to be more assured that inflation would return to target in a reasonable timeframe. According to the latest figures released by the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose 1.2 percent in the September 2023 quarter, higher than the 0.8-percent rise in the June 2023 quarter, while the annual inflation eased down from 6.0 percent to 5.4 percent. Automotive fuel and

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U.S. Fed leaves interest rates unchanged amid surging Treasury yields

STORY: U.S. Fed leaves interest rates unchanged amid surging Treasury yields SHOOTING TIME: Nov. 1, 2023 DATELINE: Nov. 2, 2023 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of speech by Fed Chairman Jerome Powell STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 percent, as yields on long-term U.S. Treasury bonds have spiked in recent months. "Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated," the Federal Open Market Committee (FOMC) said in a statement after concluding a two-day policy meeting. Wednesday's decision comes as the 10-year Treasury yield has risen swiftly, by nearly one percentage point, since Fed officials last raised rates in July, recently hitting 5 percent for the first ti

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Turkish central bank raises policy interest rate to 35 pct

STORY: Turkish central bank raises policy interest rate to 35 pct DATELINE: Oct. 27, 2023 LENGTH: 00:01:05 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye's central bank 2. various of Turkish lira 3. various of stores STORYLINE: Türkiye's central bank increased its policy interest rate by 500 basis points from 30 percent to 35 percent on Thursday. The central bank's monetary policy committee said in a statement that it decided to continue the monetary tightening process in order to establish the disinflation course as soon as possible, anchor inflation expectations, and control the deterioration in pricing behavior. In the third quarter, inflation readings were above expectations, said the statement. "The strong course of domestic demand, the stickiness of services inflation, and the deterioration in inflation expectations continue to put upward pressure on inflation," it added. In addition, geopolitical developments have posed risks to the inflation outlook, said the ba

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- A discount sign is seen in a supermarket in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- A discount sign is seen at a supermarket in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- A sale sign is seen in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- A sale sign is seen in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- Sale signs are seen in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- Sale signs are seen in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- Sale signs are seen in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- A sale sign is seen in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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BRITAIN-BANK OF ENGLAND-INTEREST RATE-UNCHANGED

(230922) -- MANCHESTER, Sept. 22, 2023 (Xinhua) -- Sale signs are seen in central Manchester, Britain, Sept. 21, 2023. The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. (Photo by Jon Super/Xinhua)

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Australia's interest rate unchanged at 4.1 pct for 3rd month

STORY: Australia's interest rate unchanged at 4.1 pct for 3rd month DATELINE: Sept. 6, 2023 LENGTH: 00:00:59 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Reserve Bank of Australia (RBA) 2. various of estate industry of Australia STORYLINE: The Reserve Bank of Australia (RBA) decided on Tuesday to leave the cash rate target unchanged at 4.1 percent, with the interest rate paid on Exchange Settlement balances staying at 4.00 percent. This marked the third straight month that RBA put the interest rate on hold from July. Wrapping up a monetary policy meeting, RBA Governor Philip Lowe noted in a statement that interest rates have been increased by 4 percentage points since May last year. "The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month," said Lowe. The

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Türkiye's central bank raises interest rate to 25 pct

STORY: Türkiye's central bank raises interest rate to 25 pct DATELINE: Aug. 25, 2023 LENGTH: 00:01:22 LOCATION: Ankara CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Turkish central bank and Turkish lira 2. various of Hafize Gaye Erkan, Governor of the Turkish Central Bank 3. various of Mehmet Simsek, Turkish Treasury and Finance Minister 4. various of the Turkish central bank and Turkish lira 5. various of U.S. dollars STORYLINE: Türkiye's central bank on Thursday raised its benchmark interest rate by 750 basis points to 25 percent from 17.5 percent in a move against high inflation and currency fluctuations. "The Monetary Policy Committee has decided to raise the policy rate (the one-week repo auction rate) from 17.5 percent to 25 percent," the central bank said in a statement. The central bank noted recent indicators point to a continued increase in the underlying trend of inflation. The policy rate will be determined in a way that will create monetary and financial conditions necessa

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Russia raises key interest rate to 12 pct, citing inflation

STORY: Russia raises key interest rate to 12 pct, citing inflation DATELINE: Aug. 16, 2023 LENGTH: 00:01:36 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Russia in Moscow 2. various of Moscow city 3. various of a money exchange bureau in Moscow 4. various of Moscow city STORYLINE: Russia's Central Bank has decided to raise the key interest rate by 350 basis points to 12 percent, it said in a statement Tuesday. During an emergency meeting, the bank announced the rate increase and said the decision was "aimed at limiting price stability risks" amid inflation pressure. "As of Aug. 7, the annual rate of inflation rose to 4.4 percent while current price growth rates continue to increase," the bank said in a statement. According to the bank, steady growth in domestic demand has surpassed the capacity to expand production, increasing inflationary pressure and influencing the ruble's exchange rate dynamics through elevated demand for imports. "Consequently, the pass-through of

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Egypt raises interest rates by 1 pct to curb inflation

STORY: Egypt raises interest rates by 1 pct to curb inflation DATELINE: Aug. 4, 2023 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. File footage of the Central Bank of Egypt 2. File footage of an accountant counting banknotes 3. File footage of the National Bank of Egypt 4. File footage of Banque Misr STORYLINE: Egypt decided to raise the interest rates by 100 basis points in a bid to contain high inflation, the Central Bank of Egypt (CBE) announced on Thursday. The deposit and lending rates were raised to 19.25 percent and 20.25 percent, respectively, while the rate of the main operation and the discount rate were increased to 19.75 percent, the CBE said in a statement after a meeting of the Monetary Policy Committee. Egypt's annual urban headline inflation increased to 35.7 percent in June, up from 32.7 percent in May, and the annual core inflation climbed to 41 percent in June from 40.3 percent in May, the CBE noted. The CBE said a rate hike of 100 bps is warranted for easin

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U.S. Fed hikes interest rates by 25 basis points

STORY: U.S. Fed hikes interest rates by 25 basis points DATELINE: July 27, 2023 LENGTH: 00:01:31 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of exterior of the U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rates by 25 basis points to the range of 5.25 to 5.5 percent, the highest level in over two decades, as it continues to ramp up its fight against inflation. It is the 11th interest rate increase since the Fed began its aggressive rate hiking campaign in March 2022, taking the federal funds rate to its highest level since early 2001. "Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement on Wednesday afternoon, after a two-day policy meeting. The FOMC "s