Turkey’s central bank raised its benchmark rate by 625 basis points on Sept. 13 in a move that boosted the Turkish Lira and may ease investor concerns about monetary policy. The Central Bank has increased the lending rate to 24 percent, meaning it has now increased interest rates by 11.25 percentage points since late April. The bank said there was still an upside risk to the inflation outlook from what it called a deterioration in pricing behavior, despite weaker domestic demand conditions. Source Hurriyet Daily
Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said on Monday. Source: Investing
A ‘deadly and unforgiving revenge’ for attack that killed 29 people, says Iranian elite force as UAE denies involvement. Iran’s Revolutionary Guard has vowed to revenge the attack on a military parade that killed 29 people, including the four attackers, and wounded 70 others. Source: Al Jazeera
The Turkish Agriculture and Forestry Ministry has warned fishers in the Aegean region not to enter the territorial waters of Greece. Source: Hürriyet Daily News
