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CONSTRUCTION COST REDUCED SPEED

Turkish Statistical Institute announced the construction cost index data. Construction cost index increased by 3.44 percent in October 2022 compared to the previous month and increased by 117.07 percent compared to the same month of the previous year. Compared to the previous month, the material index increased by 3.88 percent and the labor index increased by 1.94 percent. In addition, the material...

THE EUROPEAN CENTRAL BANK WILL CONTINUE TO RAISE INTEREST RATES

Christine Lagarde, President of the European Central Bank (ECB), stated that they are determined to reduce inflation to the medium-term target of 2 percent, and that they plan to increase interest rates further for this. Lagarde spoke at the "Monetary Dialogue" session of the Economic and Financial Affairs Committee of the European Parliament (EP). Stating that the ECB has started a rapid and...

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