Banks are relieved at the decision not to push interest rates further into negative territory.
The US central bank cut interest rates for the first time since 2008, citing concerns about the global economy. The move comes amid economic uncertainties amid President Donald Trump's trade wars and Brexit.
As the US accuses China of being a currency manipulator, Beijing calls such labeling unfair and "wayward unilateralism." With more escalation in the US-China trade spat expected, is a currency war unavoidable?
Germany's Constitutional Court is once more dealing with the question of whether the European Central Bank's asset purchases constitute illegal state funding. A "Yes" from Germany's top judges could lead to chaos.
No reason was given for Murat Cetinkaya's sacking, but the governor had been loath to cut the interest rate from 24%. Over the past year, Turkey has faced skyrocketing inflation as a result of a debt and currency crisis.
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