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Morgan Stanley Interest Rate Expectation Report for CBRT
In a Morgan Stanley report, it is expected that the CBRT will keep interest rates steady in September and cut them in October and December, while noting that this schedule could be brought forward if August CPI data comes in lower.
News
Economy
Austerity Measures in Argentina Lead to Massive Public Sector Layoffs and Economic Contraction
Aiming to achieve a budget surplus by reducing public employment, the Argentine administration is facing a severe economic crisis that has also led to hundreds of thousands of job losses in the private sector and the lowest number of active companies in the last 20 years.
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Economy
Iranian Economy Minister Medenizade Announces Preparation of Two-Year Plan Against US Sanctions
The Iranian government addresses all scenarios through a two-year strategy prepared in response to US sanctions and economic restrictions. Economy Minister Medenizade acknowledged the impacts of the war on the petrochemical and steel sectors, while announcing that alternative measures have been implemented.
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Economy