Crisis in Turkey, Italy on ECB Watch, U.S.-China Spats: Eco Day

  • Italy presents a new challenge for European Central Bank
  • Turkey raises rates in an emergency while Korea stays on hold

Turkey Raises Rate to Halt Lira Slide

Good Thursday morning, Europe. Here’s news from Bloomberg Economics to help get your day started:

  • Just as it might have closed the book on its Greek debt crisis involvement, the European Central Bank has eyes on embattled populists rising to power in Italy
  • Erdogan under fire. Turkey raised its interest rate in an emergency meeting after the lira crashed to a record low
  • More spats. Trump is backing away from an agreement with China amid backlash from trade hawks and U.S. lawmakers, and the U.S. has opened a probe to consider car tariffs
  • Trade tracking. Here are the issues to watch in U.S.-China trade talks; meanwhile, see how fast China’s economy is catching up to the U.S.
  • On hold. The Bank of Korea kept the benchmark interest rate unchanged amid disappointing exports and job growth
  • Foggy day. Federal Reserve officials signaled an interest-rate hike set for June while inflation muddies the outlook in minutes of their May meeting
  • New kids. Italy’s fragile new government faces some stark realities in the economy, and the new Bank Indonesia chief has his work cut out for him
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