Israel's Tight Labor Market Casts Shadow on Optimistic Inflation Forecast
Governor Amir Yaron presented an optimistic inflation forecast to the Knesset Finance Committee, projecting a 2.1% rate by August 2025, despite a tight labor market with 2.6% unemployment and significant wage growth (6% in the first nine months of 2024).
Israel's Tight Labor Market Casts Shadow on Optimistic Inflation Forecast
Governor Amir Yaron presented an optimistic inflation forecast to the Knesset Finance Committee, projecting a 2.1% rate by August 2025, despite a tight labor market with 2.6% unemployment and significant wage growth (6% in the first nine months of 2024).
Progress
52% Bias Score
First Woman to Lead Syria's Central Bank Amidst Economic Crisis
Maysaa Sabrine, a former deputy governor, became the first woman to lead Syria's Central Bank after the ouster of Bashar al-Assad; she faces the immense challenge of reviving an economy shattered by 13 years of war and international sanctions, while the new de facto leader, Ahmed al-Sharaa, seeks to...
First Woman to Lead Syria's Central Bank Amidst Economic Crisis
Maysaa Sabrine, a former deputy governor, became the first woman to lead Syria's Central Bank after the ouster of Bashar al-Assad; she faces the immense challenge of reviving an economy shattered by 13 years of war and international sanctions, while the new de facto leader, Ahmed al-Sharaa, seeks to...
Progress
32% Bias Score
Turkey Cuts Interest Rates, Risks Fueling Inflation
Turkey's central bank unexpectedly cut its policy interest rate by 2.5 percentage points to 47.5 percent on December 26, 2024, exceeding market expectations and marking its first cut in 22 months, amidst high inflation and pressure from the business sector for lower borrowing costs.
Turkey Cuts Interest Rates, Risks Fueling Inflation
Turkey's central bank unexpectedly cut its policy interest rate by 2.5 percentage points to 47.5 percent on December 26, 2024, exceeding market expectations and marking its first cut in 22 months, amidst high inflation and pressure from the business sector for lower borrowing costs.
Progress
32% Bias Score
Russia Holds Key Interest Rate at 21%, Defying Inflation and Expert Predictions
The Central Bank of Russia unexpectedly kept its key interest rate at 21% on December 20th, defying inflation exceeding 8.8-9% and expert predictions of a rate hike to 23-25%, sparking debate about political pressure and economic consequences.
Russia Holds Key Interest Rate at 21%, Defying Inflation and Expert Predictions
The Central Bank of Russia unexpectedly kept its key interest rate at 21% on December 20th, defying inflation exceeding 8.8-9% and expert predictions of a rate hike to 23-25%, sparking debate about political pressure and economic consequences.
Progress
44% Bias Score
India's Economic Slowdown Prompts RBI Governor Change
India's economic growth has slowed due to high inflation and decreased investment, prompting the replacement of the Reserve Bank of India governor with Sanjay Malhotra, who is expected to implement rate cuts to stimulate the economy by February 2025, impacting the projected GDP growth.
India's Economic Slowdown Prompts RBI Governor Change
India's economic growth has slowed due to high inflation and decreased investment, prompting the replacement of the Reserve Bank of India governor with Sanjay Malhotra, who is expected to implement rate cuts to stimulate the economy by February 2025, impacting the projected GDP growth.
Progress
40% Bias Score
Russian Parliament Criticizes Central Bank's Tight Monetary Policy
Russian parliamentarians are urging the Central Bank to drastically lower interest rates, arguing its tight monetary policy is stifling economic growth and increasing inflation, while the Central Bank emphasizes its independence and the government's role in inflation.
Russian Parliament Criticizes Central Bank's Tight Monetary Policy
Russian parliamentarians are urging the Central Bank to drastically lower interest rates, arguing its tight monetary policy is stifling economic growth and increasing inflation, while the Central Bank emphasizes its independence and the government's role in inflation.
Progress
52% Bias Score
China's Central Bank Takes Steps to Stabilize Yuan Amid Strong US Dollar
On Monday, China's central bank governor vowed to stabilize the yuan against the strong US dollar, raising the macro-prudential adjustment parameter for cross-border financing to 1.75 and issuing central bank bills in Hong Kong, resulting in the yuan modestly strengthening to 7.3320 per dollar.
China's Central Bank Takes Steps to Stabilize Yuan Amid Strong US Dollar
On Monday, China's central bank governor vowed to stabilize the yuan against the strong US dollar, raising the macro-prudential adjustment parameter for cross-border financing to 1.75 and issuing central bank bills in Hong Kong, resulting in the yuan modestly strengthening to 7.3320 per dollar.
Progress
44% Bias Score
Özatay Critiques Turkey's 2023 Economic Policies
Professor Fatih Özatay criticized Turkey's 2023 economic policies, citing insufficient interest rate hikes, reliance on swap agreements, and a lack of reforms to address the budget deficit and restore public confidence in TÜİK and the Central Bank, leading to shock price increases and a minimum wage...
Özatay Critiques Turkey's 2023 Economic Policies
Professor Fatih Özatay criticized Turkey's 2023 economic policies, citing insufficient interest rate hikes, reliance on swap agreements, and a lack of reforms to address the budget deficit and restore public confidence in TÜİK and the Central Bank, leading to shock price increases and a minimum wage...
Progress
44% Bias Score
MÜSİAD Predicts Turkish Central Bank Interest Rate Cut in December
MÜSİAD President Mahmut Asmalı anticipates a Turkish Central Bank interest rate cut in December, due to the current policy's failure to curb demand from higher-income groups while suppressing lower-income groups' spending, thus worsening income inequality and fueling inflation.
MÜSİAD Predicts Turkish Central Bank Interest Rate Cut in December
MÜSİAD President Mahmut Asmalı anticipates a Turkish Central Bank interest rate cut in December, due to the current policy's failure to curb demand from higher-income groups while suppressing lower-income groups' spending, thus worsening income inequality and fueling inflation.
Progress
40% Bias Score
Russia Holds Interest Rate Amid High Inflation
The Russian Central Bank surprisingly held its key interest rate at 21 percent, defying expectations of a further increase to combat 11 percent inflation, following President Putin's call for a balanced approach, despite concerns about the negative impact of high interest rates on businesses and con...
Russia Holds Interest Rate Amid High Inflation
The Russian Central Bank surprisingly held its key interest rate at 21 percent, defying expectations of a further increase to combat 11 percent inflation, following President Putin's call for a balanced approach, despite concerns about the negative impact of high interest rates on businesses and con...
Progress
40% Bias Score
"Russian Inflation Soars to 8.88% as Food Prices Surge"
"Russian inflation surged to 2.33% month-on-month in November 2024, reaching 8.88% year-on-year, driven by food price increases (particularly fruit and vegetables at 10.35% month-on-month) and attributed to increased government spending, high production costs, and strong consumer demand, despite dom...
"Russian Inflation Soars to 8.88% as Food Prices Surge"
"Russian inflation surged to 2.33% month-on-month in November 2024, reaching 8.88% year-on-year, driven by food price increases (particularly fruit and vegetables at 10.35% month-on-month) and attributed to increased government spending, high production costs, and strong consumer demand, despite dom...
Progress
48% Bias Score
Russia's Wartime Economy Slows, Exposing Tensions Among Elites
Russia's wartime economy is slowing, with industrial production declining and the ruble weakening, causing tensions between economic elites and the central bank over interest rates as the war in Ukraine nears its fourth year.
Russia's Wartime Economy Slows, Exposing Tensions Among Elites
Russia's wartime economy is slowing, with industrial production declining and the ruble weakening, causing tensions between economic elites and the central bank over interest rates as the war in Ukraine nears its fourth year.
Progress
28% Bias Score