The European Central Bank pauses its rate-cut cycle, holding interest rates at 2% amid persistent inflation and global trade tensions. Markets react as businesses and consumers brace for economic uncertainty across Europe.
In a surprising turn of events, China and Hong Kong stood resilient amidst a broader decline in Asian markets, showcasing their economic strength and stability. Investors closely monitored market movements in the region as uncertainties loomed, while attention shifted to Australia as the central bank's rate decision took the spotlight.
Turkey's newly-appointed central bank governor Fatih on Sunday said that his team is determined to maintain tight monetary policy until inflation falls to levels consistent with their target. Karahan replaced Hafize Gaye Erkan on Saturday, hours after she resigned citing a need to protect her family amid a "reputation assassination".
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