Stocks drop, Chinese yuan tops 7.2 against the dollar

Japan Consumer Inflation May Fall in 2023: Bank of Japan Meeting Minutes Consumer inflation excluding fresh food is likely to rise this year, but the rate of increase will then slow on energy prices, minutes from the Bank of Japan in July meeting said. A few members also said that inflation, excluding fresh food and … Read more

Turkey cuts interest rates again despite 80% inflation

The number of Russian tourists to Europe decreased significantly during the summer, but increased in several other destinations, including Turkey (here). Onur Dogeman | soba pictures | Light Rocket | Getty Images Turkey’s central bank surprised markets once again with its decision on Thursday to cut its key interest rate, despite the country’s inflation soaring … Read more