Erdogan led a personal battle with the rating agency Mudis, dissatisfied with Turkey’s negative assessment. Bulgaria wants in the Eurozone
The event of the week was not what was happening near the Bosporus, but the meetings of central banks in the US and Europe.
The Federal Reserve raised the main interest rate to the range of 1.75% - 2% and signaled a total of four increases in 2018. The decision to raise interest rates was taken unanimously after a two-day meeting in Washington.
Previously, the central bank predicted a total of three interest rates.
Unemployment is expected to reach 3.6 per cent at the end of the year, which is still the lowest level since 1969, compared to forecasts earlier 3.8%.
For GDP, the central bank predicts growth of 2.8% this year and a slowdown to 2.4 percent in 2019.
In Europe, as expected in the market, the European Central Bank (ECB) kept interest rates in the euro area unchanged and announced that the redemption programme would continue until the end of the year.
The Governing Council will continue to make net purchases under the asset purchase programme at a current monthly rate of EUR 30 billion by the end of September 2018. The ECB expects that after September 2018, provided that the incoming data confirms the medium-term inflation forecasts, the monthly rate of net asset purchases will be reduced to EUR 15 billion by the end of December 2018 and net purchases will then be completed.
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