Hedonova’s Post

Tayyip Erdogan has woken up and smelled the Turkish coffee. With inflation at 59%, Turkey’s president has ditched his hostility to high interest rates. This "pivot" to orthodox economic policies has been met with near-universal approval from investors. In this column for Reuters Breakingviews, I suggest they hold the applause. Erdogan still needs growth and will spend big to get that, creating a whole new set of problems for his country's inflation rate and currency. https://lnkd.in/eY_5y_M7 #turkey #inflation #interestrates #lira #centralbanks

South Africa faces economic stagnation with a flat GDP, hindered by maladministration and struggling state-owned enterprises, despite a R47bn lifeline to Transnet. Concurrently, the current account data will influence investor perceptions, with a larger deficit potentially increasing the volatility of the South African Rand. Watch this week's Market View with TreasuryONE (Pty) Ltd and ETM Analytics https://lnkd.in/eRKJRCn7 #Recession #Inflation #EconomyNews #FinancialMarkets #CurrencyMarkets #CurrencyRiskManagement

South Africa faces economic stagnation with a flat GDP, hindered by maladministration and struggling state-owned enterprises, despite a R47bn lifeline to Transnet. Concurrently, the current account data will influence investor perceptions, with a larger deficit potentially increasing the volatility of the South African Rand. The US Dollar's overvaluation and the Federal Reserve's cautious approach amidst lower-than-expected inflation forecasts suggest significant rate-cut risks in 2024. Meanwhile, the Bank of England maintains a firm stance against rate cuts, emphasising the ongoing battle against inflation. Lastly, Europe shows signs of economic contraction, with decreasing money supply and spending, raising the risk of recession. Watch this week's Market View with TreasuryONE (Pty) Ltd and ETM Analytics https://lnkd.in/d-Efmu2u #Recession #Inflation #EconomyNews #FinancialMarkets #CurrencyMarkets #CurrencyRiskManagement

via @PerilOfAfrica #alloue #annuel #Attacks #Budget #business Could Red Sea attacks push up prices and fuel inflation? | Business and Economy: By AL JAZEERA Source link Houthi rebels have attacked vessels transporting goods through Bab al-Mandeb strait that they say are linked to Israel. Inflation was expected to ease in 2024 after more than 18 months of interest rate hikes by central banks. The most aggressive monetary tightening in decades. But attacks by Houthi rebels in […] The post Could Red Sea attacks push up prices and fuel inflation? | Business and Economy first appeared on Peril Of Africa.

South Africa faces economic stagnation with a flat GDP, hindered by maladministration and struggling state-owned enterprises, despite a R47bn lifeline to Transnet. Concurrently, the current account data will influence investor perceptions, with a larger deficit potentially increasing the volatility of the South African Rand. Watch this week's Market View with TreasuryONE (Pty) Ltd and ETM Analytics https://lnkd.in/d6TzaNaT #Recession #Inflation #EconomyNews #FinancialMarkets #CurrencyMarkets #CurrencyRiskManagement

🇷🇺📈 News: Russia takes bold steps to combat inflation and stabilize the ruble by raising interest rates to 13%.⁣ ⁣ Explore the economic implications of this decision.⁣ ⁣ Learn more: https://bit.ly/3PpHPlU⁣ ⁣ #RussiaEconomy #InflationControl⁣

1. Oil prices, increase inflation and then interest rates. 2. Decline in balance of payment of any country may decrease its currency value and vice versa 3. Worsening political stability of any country may decrease its currency