Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.
Tag: Interest Rates
Turkey’s President Follows His Own Advice Even as Economy Slips
President Recep Tayyip Erdogan is increasingly isolated as he clings to an economic prescription that few endorse but that he believes will bear results before elections.
To Take On Coronavirus, B.O.E. Cut Rates. Europe’s Central Bank Has Fewer Options.
Christine Lagarde, the bank’s new president, is facing her first big crisis. She doesn’t have much room to maneuver.
Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
Global Health Crisis 1, Economic Policymakers 0
As leaders of the world’s wealthiest countries pledged to limit the damage from the coronavirus, they appeared to be operating with limited options.
Why a Coronavirus Recession Would Be So Hard to Contain
A supply shock is not a problem our usual economic tools are particularly good at solving. But it’s the one we face.
Bank of England Audio Was Leaked, Giving Some Traders an Edge
The British central bank says a supplier, without authorization, provided sound from news conferences ahead of the video feed.
China Injects $126 Billion Into Its Slowing Economy
The move comes as Beijing fights a costly trade war with the United States while looking for ways to keep its growth going.
Chance of No-Deal Brexit Hampers Bank of England’s Powers of Prediction
Britain’s central bank said economic growth had probably flattened, weighed down by global concerns and uncertainty over the coming departure from the European Union.
E.C.B. Says It Is Ready to Restart Economic Stimulus Measures
The central bank said it is weighing options for pushing up inflation, which has remained stubbornly below the level considered optimal for growth.