It has been a day that we have been following the impact of the uprising in Russia… *In Russia, over the weekend, there was an attempted coup by the Wagner forces. Currently, there seems to be a somewhat inconclusive ceasefire in place. While there have been reports of an agreement between the Wagner forces and […]

FED/Daly: “Two interest rate increases this year are reasonable”. *Manufacturing PMI for May, which was announced today in Germany and the Euro Zone, contracted and came in at 41.0 and 43.6, respectively. Services PMI, on the other hand, showed growth by coming in at 54.1 and 52.4, respectively, although it decreased compared to the previous […]

The Bank of England (BOE) raised interest rates today… *Swiss Central Bank (SNB) raised the interest rate by 25 basis points to 1.75%, as expected, at its meeting today. In the statement, it was stated that they did not ignore the possibility of additional interest rate hikes to ensure price stability, that the SNB was […]

FED/Powell “Raising Interest Rates Considered Appropriate“ *In the UK, the Consumer Price Index (CPI) for May, announced today, exceeded the expectations and increased by 0.7% monthly and 8.7% annually. Data were expected to increase 0.5% and 8.4%. Core CPI also increased above expectations, increasing 0.8% and 7.1%, respectively. With the increase in inflation rates, the […]

ECB/Stournaras “The End of Rate Increases Nears” *In Germany, the Producer Price Index (PPI) for May decreased by 1.4% on a monthly basis, which was below the expectations, and fell to 1.0% from 4.1% year-on-year. Data was expected to be 0.7% monthly, 1.7% annually. *European Central Bank (ECB) Member Stournaras will start, will determine the […]

ECB/Kazimir “Necessary to Raise Rates Again in July“ *In his speech on the interest rate hike process, European Central Bank (ECB) Member Kazimir said that they should increase the interest rates again in July, that stopping interest rate hikes too early is a greater risk than excessive tightening, that upside inflation risks still remain important, […]

Inflation Rate Slowed Down in Euro Zone… * In his speech after keeping the interest rate at -0.10% level, Bank of Japan (BOE) Governor Ueda stated that there are both positive and negative effects caused by the weak Yen, the rate of decrease in prices is a little slow, and there is a lot of […]

ECB/Lagarde “We Are Not Considering Stopping Rate Increases“ * The European Central Bank (ECB) raised the policy rate by 25 basis points to 4.00% at its meeting today. In the statement made, it was stated that inflation is expected to be 5.4% and core inflation is 5.1% in 2023, core inflation indicators continue to be […]

FED Will Announce Interest Rate… *The UK GDP for April, announced today, grew by 0.1% on a quarterly basis and 0.5% on an annual basis. The data was expected to come in at -0.1% and 0.6%, respectively. Construction Production, which increased by 3.6%, gave the largest contribution to the GDP growth, while Industrial Production, which […]

Inflation Rate Decreased in the USA… *The Employment Change for April in the UK, announced today, increased by 250 thousand, exceeding the expectation of 150 thousand. The number of unemployed decreased by 13,600 people. After these data, the Unemployment Rate decreased from 3.9% to 3.8%. *The Zew Economic Index for June, which was announced today […]