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Wednesday
28
Oct 2026
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Athens 15°C

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Bank of Greece: Inflation persists, with rate forecast to reach 3.5% in 2026

Rising energy costs and service prices intensify inflationary pressures – Greek consumers expect inflation of 6.2% over the next year, compared with 3% in the eurozone

Erdogan fires Turkish Central Bank Governor after new Lira dive

Murat Uysal had been appointed in July 2019

Goldman Sachs: Turkey spent 101 bn USD to intervene in its currency markets so far this year

It derived the number from calculating the difference between the actual & expected changes in net foreign assets of the central bank

Turkish lira sinks to record low after central bank holds fire

Currency nears key level of 8 to the dollar after policymakers return to "stealth tightening"

Fresh lira slide rekindles crisis fears for Turkey

It takes firepower to support a currency, just how much of that the central bank has left has come into focus

Erdogan economics weaponized as Central Bank looks to cut rates

Erdogan’s power grab was years in the making, a culmination of his distaste for high rates that’s been linked to Islamic proscriptions on usury

Erdogan sacks Turkish central bank governor

Murat Cetinkaya’s removal a year before his term is up raises questions over independence

Watch central bank in Syria flattened by airstrike! (video)

It occurred in the city of Idlib