Turkish Deputy Prime Minister Ali Babacan said Turkey might need fresh tightening of monetary policy and the government isnt afraid of it. Turkeys economy will be walking not running this year, Babacan said in an interview with CNBC-e in Davos, where he is attending the World Economic Forum. BABACAN DISMISSED INTERNATIONAL MONETARY FUND PROJECTIONS 4 [...]

CHINESE New Year has come and will soon go. The eurozone debt crisis is well past two years. Yet uncertainty persists. The World Banks January 2012 Global Economic Prospects reports: World economy has entered a very difficult phase characterised by significant downside risks and fragility and as a result, forecasts have been significantly downgraded. However, [...]

Turkeys Monetary Policy Overburdened, Fiscal Policies Underutilized: IMF (RTTNews.com) – Turkeys monetary policy is overburdened while fiscal, prudential and structural policies were underutilized, a staff report from the International Monetary Fund showed Friday. IMF economists said countrys unconventional monetary policy framework has deterred very short-term inflows, moderate credit growth, and more recently, manage output, exchange [...]

Weak domestic demand and the monetary conditions maintained by National Bank of Hungary (MNB) limited the secondary inflationary effect of tax rises and the weaker forint last year, and the risk of longer-term second-round effects is low, the Monetary Council said on Tuesday. Assessing inflationary performance in 2011 in a statement, the council said that [...]

Presidential candidate Ron Paul has more than a few people talking about boring monetary policy at the Federal Reserve these days. And its not just on conspiracy talk radio, either. The Wall Street Journal ran an op-ed by David Malpass on Thursday with Pauls name in the headline, praising the Texas congressman for making Fed [...]

FRANKFURT (Reuters) – Loans to private sector companies and households in the euro zone fell in December from the previous month, European Central Bank data showed on Friday, adding to signs of a credit crisis in the currency bloc. The monthly flow of loans to firms dropped by 37 billion euros after falling by 7 [...]