Iceland lowers key interest rate to 13 pct

May 07 2009 16:20:44

Iceland lowers key interest rate to 13 pct

Bloomberg

Policymakers lowered the repo rate to 13 percent from 15.5 percent, Reykjavik-based Sedlabanki said on its Web site yesterday. The rate cut is the third since the island received a $5.1 billion International Monetary Fund-led bailout in November. The economy will slump 10.6 percent this year, the IMF estimates.

Türkiye 'neutralizes' nine PKK members in Iraq, Syria

Kılıçdaroğlu faces first hearing in insult case

Türkiye will continue on path to energy independence, Erdoğan vows

MPs pass reforms on internal security

Probe launched into journalists Altaylı, Saymaz

Famed Turkish author Orhan Kemal’s house in Istanbul for sale

Bodrum underwater museum nominated for top European award

WORLD

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.

ECONOMY

Over 47 million foreign tourists visit Türkiye in 10 months

Foreign tourist arrivals in Türkiye increased by 7.03 percent year-on-year in January-October to 47.3 million, according to data from the Culture and Tourism Ministry on Nov. 22.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.