Turkey’s Central Bank Raises Policy Rate to 15 Percent
Turkey’s central bank raised its benchmark interest rate by 475 basis points to 15 percent in a major shift intended to support the lira and contain inflation.
Turkey’s central bank raised its benchmark interest rate by 475 basis points to 15 percent in a major shift intended to support the lira and contain inflation.
Fifteen Asia-Pacific countries signed the Regional Comprehensive Economic Partnership, creating the world’s largest trade bloc by population and output.
Maia Sandu won Moldova’s presidential runoff on 15 November 2020, defeating incumbent Igor Dodon after campaigning on reform, cleaner government and closer European ties.
Pfizer and Germany’s BioNTech announced on 9 November 2020 that an interim analysis found their experimental COVID-19 vaccine more than 90 percent effective.
Armenia, Azerbaijan and Russia signed a ceasefire statement on 9 November 2020, ending six weeks of war and authorizing a Russian peacekeeping deployment.
Treasury and Finance Minister Berat Albayrak announced his resignation as Turkey confronted currency weakness and economic pressure.
Former finance minister Naci Ağbal was appointed central-bank governor after a period of currency weakness and depleted reserves.
Prime Minister Abiy Ahmed ordered military operations in Ethiopia’s northern Tigray region on 4 November 2020.