Out of bounds
Erdogan: high degree of interest rates does not encourage investment
Turkish Prime Minister Recep Tayyip Erdogan said on Sunday, said that domestic interest rates high degree does not encourage investment or set up projects and that it should be reduced.
He spoke Erdogan, a proponent of lowering interest rates at a special meeting to work with business leaders, including the governor of the bank market Turkish Central Erdem Başçı and president of the World Bank Christine Lagarde in the framework of the Group of Twenty summit meetings in Belek, near the Turkish coastal city of Antalya.
world markets bracing for short-term losses
Gearing up global markets to the wave of short-term sale, on Monday, after the launch Islamist militants coordinated attacks in various places in Paris that killed 129 people, but analysts have ruled out an economic consequences or long-term reaction in the market.
French President Francois Olund and declared a state of emergency and ordered the police and the army to take to the streets described the attacks as acts of war on the part of the Islamic state declared official mourning for three days.
The attacks sparked a wave of international condemnation and strong support from the various peoples of the world to the people of Paris. But Shane Oliver, chief economist at Aah.am.ba. Capital of Australia in Sydney likely to have any effect on investment decisions just reacting viewer.
Said Olivier He is also responsible for the strategy in a fund wealth management size of 156 billion Australian dollars (111 billion US dollars) "will mark the passage of time if the consequences are limited and I think it will be as well as the markets will recover quickly and turns attention to other things. "
yuan fulfilled the conditions we have to rely
Announced the Director-General of the International Monetary Fund Christine Lagarde, the Chinese currency "yuan" fulfilled all the necessary conditions to become one of the reference currencies accredited to the Fund.
Lagarde explained that the final in this regard the decision taken by the 30th of this month, the Board of Directors, which represents its members Al188, according to news agency "AFP."
In the case tested positive outcome, will join the yuan to the reference currency accredited to the Fund, which includes the dollar and euro sterling and the Japanese yen and the pound basket.
In a report received by the Board of Directors, on Friday, the fund teams considered that the yuan fulfills two conditions necessary to join reference to a basket of currencies, and the first to be traded currency "widespread" in international financial transactions, and enjoy the "freedom to use".
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