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

Biden's visit to East Asia expected to increase geopolitical instability: South Korean expert

STORY: Biden's visit to East Asia expected to increase geopolitical instability: South Korean expert DATELINE: May 21, 2022 LENGTH: 00:02:49 LOCATION: Seoul CATEGORY: POLITICS SHOTLIST: 1. SOUNDBITE (Korean): WOO SUKEUN, Head of Institute of East Asian Studies of Korea STORYLINE: U.S. President Joe Biden on Friday began a four-day visit to South Korea and Japan. It is his first trip to Asia as president. Woo Sukeun, head of the Institute of East Asian Studies of Korea, told Xinhua that Biden's visit to East Asia is obviously intended to win over allies such as South Korea and Japan to confront China. According to Woo, issues to be discussed during Biden's visit are expected to increase geopolitical instability in the region, which will harm the region's long-term and common interests. SOUNDBITE (Korean): WOO SUKEUN, Head of Institute of East Asian Studies of Korea "I think it (Biden's visit to South Korea) is a typical visit with American intentions. It also proves that South Korea and Japan are necessa