Last Week's Market Headlines: Inflation, Interest Rates, and Economy

A Dynamic Week in Markets: 7 Critical Developments

Global and domestic financial markets fluctuated throughout the past week with a heavy flow of news. Here are the most important headlines from last week that you should review in detail:

1. US Statistics: Inflation Remains Below Expectations

The consumer price index (CPI) in the US saw a monthly increase of 0.2% and an annual increase of 2.7% in November. The market expectation was at 3.1%. This situation drew investors' attention and led to significant changes in market pricing.

2. Expected Interest Rate Announcement from the European Central Bank

The European Central Bank (ECB) made changes to interest rates while also raising growth forecasts. Analysts are evaluating the positive effects of keeping interest rates stable on the market.

3. Bank of England Reduced Interest Rates

The Bank of England (BoE) lowered its policy interest rate by 25 basis points to 4.50% due to the slowdown in inflation. This decision marks a new era for the UK economy.

4. Trump and Fed Chairman Candidates

Former President Donald Trump met with Christopher Waller for the Federal Reserve Chair position and described him as 'great.' He also used 'fantastic' to describe Michelle Bowman. These developments could influence the Fed's future policies.

5. Interest Rates in Japan at 30-Year High!

The Bank of Japan (BOJ) decided to raise the short-term interest rate to 0.75%. This is recorded as the highest level in 30 years and resonated in the markets.

6. Türk-İş' Statement on Minimum Wage

Türk-İş President Atalay stated that they will not participate in the minimum wage determination committee, but emphasized that this is not a protest. The management noted that they do not have the authority to determine the minimum wage.

7. Sharp Decline in Credit Rates in Turkey

According to data announced by the Central Bank of the Republic of Turkey (CBRT), a noticeable decline in commercial credit, TL deposits, and consumer loans was observed during the week of December 12. This situation will also affect individual and commercial spending.