China’s central bank maintained major benchmark lending rates unchanged, with the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, as they assess the impact of recent stimulus measures. Market watchers expected the rates to remain steady this month, with analysts suggesting that a policy rate cut before the end of the year is unlikely, but interest rate cuts may occur in 2025 to support the economy. Despite lackluster economic data in October, such as slower industrial production growth, retail sales beat expectations, indicating that recent stimulus measures are starting to have an effect.
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Turkey insists foreign fighters be expelled from Syria: source
Turkey's Foreign Minister Hakan Fidan traveled to Damascus to discuss the expulsion of foreign fighters from Syria following an agreement to disband armed groups. The visit comes after Syria's new authorities reached a deal with the Syrian Democratic Forces to integrate the Kurdish administration into the national government, aiming to establish government control over the country after years of civil war. Turkey, which views the Kurdish YPG as a terrorist group, is closely monitoring the...
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