Why does the Turkish lira continue to depreciate despite raising interest rates?
PersonalTurkish liraThe decision negatively affected the lira's exchange rate, despite President Recep Tayyip Erdogan's policy of lowering interest rates for years, despite the Turkish...
State banks’ capital and reserves stood at 435.3 billion dirhams at the end of April
Total capital and reserves of banks operating in the country increased by about 39.4 billion dirhams or 10% year-on-year to reach 435.3 billion dirhams...
The yellow metal is recovering, supported by a decline in US bond yields
Gold priceGold prices recovered on Friday, supported by a decline in US Treasury bond yields and an appetite for safe-haven assets, but the stance...
Dollar rises after comments from Federal Reserve chairman
The dollar rose against a basket of currencies yesterday, Thursday, after Federal Reserve (US central bank) Chairman Jerome Powell stressed the need to raise...
