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Market wants ‘decisive action’ so Turkey needs to raise rates

Posted on Author Sidhi Nazar Comments(513)

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report.

“This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern continent and becoming the foundation of co-existence and prosperity in Northeast Asia,” Moon projected, according to Yonhap.

The president’s administration will seek to link railways and roads with the North before year-end, Yonhap said.

The initiative is one of many efforts that Seoul is undertaking to strengthen peace in Northeast Asia following June’s milestone U.S.-North Korea summit. Since then, the reclusive regime has dismantled some missile engine testing facilities, but many question leader Kim Jong Un’s willingness to deliver on the denuclearization promise he made to President Donald Trump.

Moon also called for broad energy and economic cooperation with the North on Wednesday, stressing his goal to politically unify both countries. “True liberation” will only be achieved when the two neighbors establish a lasting peace and economic relations, the head of state was quoted as saying.

Sidhi Nazar
https://sidhinazar.com

Related News
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European stocks open slightly higher as Turkey crisis weighs on sentiment

Posted on Author Sidhi Nazar

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria. The pan-European Stoxx 600 was up by 0.18 percent with most sectors […]
Uncategorized

Market wants ‘decisive action’ so Turkey needs to raise rates: Yale economist Stephen Roach

Posted on Author Sidhi Nazar

Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. “The markets clearly want much more decisive action,” […]

513 Replies to “Market wants ‘decisive action’ so Turkey needs to raise rates”

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