7 Notable Developments in the Economy Last Week

Highlights from Last Week's Economic News

1. China Lifts Tax Incentive on Gold Sales

China has made a significant change in global gold markets by lifting the tax incentive it had applied to gold sales. This decision is being closely monitored by investors and industry experts.

2. US Administration Adds Silver and Copper to Critical Minerals List

The US has added silver and copper to its critical minerals list, aiming to strengthen future production and energy policies. This move could have significant impacts on the mining sector.

3. CBRT Raises 2025 Inflation Forecast

The Central Bank of the Republic of Turkey (CBRT) has increased its year-end inflation forecast range to 32%, creating uncertainty in the markets. This situation is catching the attention of investors.

4. Fed: Policy Uncertainty Among Risks to Financial Stability

The Federal Reserve's (Fed) recent statements noted that policy uncertainty is one of the major threats to financial stability.

5. Bank of England Keeps Interest Rate Steady

The Bank of England (BoE) maintained the policy interest rate at 4%, in line with market expectations.

6. October Monthly Inflation at 2.55%; Annual Inflation at 32.87%

The Turkish Statistical Institute (TÜİK) released the data for October, stating that monthly inflation was 2.55% and annual inflation was 32.87%. The figures fell below market expectations.

7. Revaluation Rate Set at 25.49%

The revaluation rate to be applied to taxes and fines for the year 2026 has been set at 25.49%. This rate is being closely monitored by taxpayers.