Market news: The European Union invites the European Investment Bank to resume activities in various fields in Türkiye.

OECD: The Bank of England is not expected to cut interest rates before early 2025.

OECD: A soft landing for the economy is expected, but this is far from certain.

OECD: The near-term global economic outlook faces downside risks.

OECD: Monetary policy must remain tight for now.

Financial website Forexlive commented on the economic data of the Eurozone in November: The economic boom in the Eurozone rebounded in November, and the improvement in the service industry offset the impact of the decline in the manufacturing industry. The latter is still largely in recession, but the good news so far is that the overall economy is performing better than expected compared with the outlook for this summer.

Market News: Ukrainian President Zelensky visited the military in the Odessa region of southern Ukraine.

ECB Governing Council member Stuenaras: Ending the Emergency Epidemic Purchase Program (PEPP) prematurely could damage the ECB’s credibility.

European Central Bank Governing Council member Stu Naras: The (euro area) economy is expected to grow by 2.4% in 2023 and 2.5% in 2024.

European Central Bank Governing Council member Stunaras: Betting on the European Central Bank to cut interest rates in April next year seems a bit optimistic.

Tesla (TSLA.O) U.S. stocks rose 1.2% before the market opened, after recording gains for three consecutive trading days.

Turkish Central Bank Governor: Tightening measures are expected to be completed soon.

Governor of Turkey’s Central Bank: The central bank is expected to slow down the pace of monetary tightening.

Turkey’s central bank governor: We are close to the level of tightening needed to bring inflation back down.

Governor of the Central Bank of Turkey: Our policy aims to reduce inflation to single-digit levels as soon as possible.

Governor of Türkiye’s Central Bank: We will ensure that foreign exchange reserves continue to grow.