Source link The move has “stunned” economists who expected the central bank to keep rates unchanged The Turkish central bank raised its benchmark interest rate by 500 basis points to 50% on Thursday, citing the need to tame skyrocketing inflation. The hike came as a surprise, as most economists expected the central bank to keep […]
Tag: hike
Germany could hike military spending – defense minister — RT World News
Source link NATO allies, most notably the US under Donald Trump, have repeatedly criticized Berlin for failing to pull its weight Germany could ramp up its defense spending to as high as 3.5% of GDP, Defense Minister Boris Pistorius has said. However, he did voice certain doubts regarding Berlin’s ability to keep military expenditure at […]
Caribbean nation to hike fuel prices by 500% — RT Business News
Source link Cuba will end state subsidies to tackle the economic crisis it blames on the US embargo The Cuban government will hike gasoline and diesel prices on the island by 500% effective February 1, as part of a set of measures aimed at reducing the country’s large budget deficit. Fuel in Cuba has been […]
Russian neighbor to hike rates for oil transit to Europe — RT Business News
Source link The transit of Russian oil through Belarus will become more costly next year, the Kommersant business daily reported on Saturday, citing Russian energy export giant Transneft. According to the report, the Belarusian operator of the Druzhba pipeline, Gomeltransneft Druzhba, has reached an agreement with Transneft to hike the transit tariff by 10.2% starting […]