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Top related persons:
Cagla - 1 GRZEGORZ DROZDZ - 1 TIMOTHY ASH - 1 750bps - 1 Hatice Karahan - 1 Hatice Gaye - 1 PIOTR MATYS - 1 Governor Erkan - 1
Top related locs:
Ankara Turkey Turkish EMERGINGMARKETWATCH.COM SOFIA GENEVA
Top related orgs:
Turkey's Central - 1 REUTERS - 1 Thomson - 1

Search resuls for: "Reuters Markets"


3 mentions found


☆ VIEW Turkey cements policy shift with super-sized rate hike
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +5 min
A logo of Turkey's Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. "We should recall that sudden changes in interest rates usually have a delayed effect. "This was also the steepest rate hike since the CBT management reshuffle after the elections in May. We think the strong rate hike meant to address market concerns that the CBT wanted to avoid significant rate hike." TIMOTHY ASH, BLUEBAY ASSET MANAGEMENT, LONDON"Really solid move by the CBRT (central bank) to hike policy rates arguably above expectations by 750bps to 25%."
Persons: Cagla, GRZEGORZ DROZDZ, TIMOTHY ASH, 750bps, Hatice Karahan, Hatice Gaye, PIOTR MATYS, Governor Erkan, Erdogan, LIAM PEACH, Erkan, OZKARDESKAYA, SWISSQUOTE Organizations: Turkey's Central, REUTERS, Reuters, Thomson Locations: Ankara, Turkey, Turkish, EMERGINGMARKETWATCH.COM, SOFIA, GENEVA
☆ BofA sees 'meaningful risks' of Q2 U.S. economic contraction
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: 1 min
April 10 (Reuters) - The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the Federal Reserve's aggressive interest rate hikes were cooling the economy. "This week's data flow is consistent with our view that the U.S. economy slowed steadily over the course of 1Q 2023," BofA economists wrote in a note dated Friday and emailed Monday. We see meaningful risks of a contraction in GDP in 2Q." BofA pointed to data from April 3 showing U.S. manufacturing activity slumped in March to the lowest level in nearly three years as new orders plunged. Reporting by Reuters markets team; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
☆ Tech, housing, and manufacturing might already be in a recession. They could bring the US economy down with it.
  + stars: | 2023-02-04 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +6 min
But the tech, housing, and manufacturing industries might be already. "We have a manufacturing recession, a housing recession, a tech recession," she said in a Bloomberg post last week. In this scenario, parts of the economy would "take turns suffering rather than simultaneously" — and the broader economy would never reach recession status. There were over 55,000 reported tech layoffs during the first 20 days of January, more than the entire first half of 2022. It's led some to declare that a "tech recession" is already upon us.
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