May 24, 2022/Cordros Report In what can be regarded as a shocking event, the Monetary Policy Committee (MPC) voted to increase the MPR to 13.0% at its recently concluded meeting, the first rate hike since July 2016. In terms of voting pattern, six members voted to increase the MPR by […]

(Photo: IMF Photo/Ryan-Rayburn) May 24, 2022/IMFBlog By Jihad Azour, Jeta Menkulasi and Rodrigo Garcia-Verdu Higher commodity prices, propelled upwards by war in Ukraine, will have a significant economic impact on the region. The war in Ukraine and related sanctions have triggered a sharp increase in commodity prices, which will add […]

May 24, 2022/OilPrice.com Chart of the Week – The executive director of the IEA, Fatih Birol, warned that given the current supply/demand situation, there is only one thing that can stop prices from surging higher and that is Chinese demand remaining weak over the upcoming months. – According to Platts […]