Now playing Next Turkey Annual inflation in Turkey reaches record 25-year high of 85.5% Turkish President Recep Tayyip Erdogan believes that high-interest rates encourage inflation and lead to higher prices. 03/11/2022
Now playing Next Money Inflation in Turkey tops 83% as Erdogan vows more rate cuts While most Western countries are in the process of raising interest rates to keep inflation in check, Turkey is doing the exact opposite. 03/10/2022
Now playing Next Europe News ECB announces largest interest rate hike in bid to fight inflation The ECB's three key interest rates were each raised by 75 basis points. 08/09/2022
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Now playing Next United Kingdom Big interest rate hike in UK as Bank of England predicts recession The country's central bank also announced the biggest interest rate hike in over 27 years in an attempt to curb the economic fallout caused by the war in Ukraine. 04/08/2022
Now playing Next Money Why Bitcoin and other cryptos are bracing for a tough week ahead Cryptos have borne the brunt of a massive ripple effect since the Terra saga but decisions in the US could put even more pressure on digital assets. 25/07/2022
Now playing Next Europe News ECB announces larger-than-expected interest rate hike The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the US Federal Reserve and other major central banks to target stubbornly high inflation. 21/07/2022
Now playing Next USA US Federal Reserve attacks inflation with largest rate hike since 1994 The Fed’s decision to raise its key interest rate by 0.75% is seen as an acknowledgement that it's struggling to curb inflation. 15/06/2022
Now playing Next Europe News Eurozone to get its first interest rate hike in 11 years next month The European Central Bank will hike interest rates in July in a bid to tame inflation. 09/06/2022
Now playing Next United Kingdom UK interest rate hike is 1st in a top economy amid pandemic The Bank of England raised interest rates in the United Kingdom to combat surging consumer prices, becoming the first central bank among the world’s leading economies to do so since the COVID-19 pandemic began. 16/12/2021
Now playing Next Money Protests in Turkey's cities after lira plunges to new historic low The Turkish lira has dropped 40 per cent in value since the start of the year, shedding as much as 15 per cent on Tuesday alone. 24/11/2021
Now playing Next Europe News EU and US central banks signal 'not just yet' to interest rate hikes ECB President Christine Lagarde said an increase to policy rates next year is 'very unlikely'. 04/11/2021
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Now playing Next Business COVID-19 spread prompts Federal Reserve to slash rates The Federal Reserve cut its benchmark interest rate by a half-percentage point in an effort to boost the economy in the face of the spreading coronavirus. 03/03/2020
Now playing Next USA US Federal Reserve cuts interest rate, citing weak global growth The US Federal Reserve lowered its interest rate on Wednesday due to weak global growth and trade uncertainty. Could the cut affect Europeans? 01/08/2019
Now playing Next Turkey Erdoğan has dismissed the governor of Turkey's central bank President Erdoğan has dismissed the governor of Turkey's central bank in a move that has prompted concerns about the bank's independence 06/07/2019
Now playing Next world news Is it unfair for the ECB to use interest rates to compete with the US? A war of words has erupted between Donald Trump and Mario Draghi over Europe's efforts to boost its economy. Who's right? 19/06/2019
Now playing Next Business US Federal Reserve hikes interest rate The US Federal Reserve hikes interest rate, predicts three more years of economic growth. 26/09/2018
Now playing Next Business ECB to end stimulus programme later this year ECB President Mario Draghi admitted the eurozone recovery has slowed and kept record low interest rates unchanged 14/06/2018
Now playing Next Turkey Central Bank steps in as Turkish lira tumbles Lira rallies at the end of the day after falling five percent 23/05/2018
