MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Erdogan Meets with Top Hamas Official to Discuss Gaza

TURKEY
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News
  • President Erdogan met with Hamas’s political leader on Saturday to discuss the need for a permanent cease-fire and accelerated humanitarian aid in Gaza, Bloomberg report. “It is vital that Palestinians act with unity in this process. The strongest response to Israel and the path to victory lie in unity and integrity,” Erdogan said as per his directorate of communications. Erdogan has called Hamas militants “freedom fighters” and repeatedly criticised Israel’s conduct in the war, but has stopped short of cutting ties with Israel altogether.
  • Meanwhile, Iraq, with water reserves at their lowest in decades, said Turkey will sign two key agreements as well as a number of memorandums of understanding on issues including water sharing when President Erdogan visits Baghdad on Monday, according to Bloomberg. Turkey, on its part, has expressed its readiness to receive oil exports once the Iraq-Turkey pipeline reopens.
  • Data-wise, Turkey's adjusted consumer confidence rose to 80.5 in April from 79.4 in March, according to the Turkish Statistical Institute. The CBRT rate decision on Thursday takes focus later in the week, where the central bank is expected to keep its one-week repo rate unchanged at 50% after surprising markets with an above-consensus hike in March.
196 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • President Erdogan met with Hamas’s political leader on Saturday to discuss the need for a permanent cease-fire and accelerated humanitarian aid in Gaza, Bloomberg report. “It is vital that Palestinians act with unity in this process. The strongest response to Israel and the path to victory lie in unity and integrity,” Erdogan said as per his directorate of communications. Erdogan has called Hamas militants “freedom fighters” and repeatedly criticised Israel’s conduct in the war, but has stopped short of cutting ties with Israel altogether.
  • Meanwhile, Iraq, with water reserves at their lowest in decades, said Turkey will sign two key agreements as well as a number of memorandums of understanding on issues including water sharing when President Erdogan visits Baghdad on Monday, according to Bloomberg. Turkey, on its part, has expressed its readiness to receive oil exports once the Iraq-Turkey pipeline reopens.
  • Data-wise, Turkey's adjusted consumer confidence rose to 80.5 in April from 79.4 in March, according to the Turkish Statistical Institute. The CBRT rate decision on Thursday takes focus later in the week, where the central bank is expected to keep its one-week repo rate unchanged at 50% after surprising markets with an above-consensus hike in March.