Vice-President de Guindos confirms inflation stabilising across Europe. ECB balances inflation control with economic resilience. Global events and monetary policy shifts discussed in podcast
September 2024 inflation rate was 2.4%. Federal Reserve targets annual inflation rate of 2%. Inflation reached 9.1% in 2022, highest since 1981
RRP is the seller's side of a repurchase agreement. Securities are sold with agreement to be repurchased at higher price. Transactions often occur between banks as collateralized loans. Difference between purchase and buyback prices equals seller's interest
Six EU countries (Bulgaria, Czechia, Denmark, Hungary, Poland, Romania, Sweden) don't use euro. Denmark has negotiated opt-out with EU. EU has 27 member countries as of 2024
UK is sixth-largest economy globally, with nominal GDP of $3.588 trillion (2024). Service sector dominates, contributing 82% of GDP. London is second-largest financial centre globally. Technology sector valued at $1 trillion, third behind US and China
Ottoman lira introduced in 1844, replacing kuruş as 1/100 subdivision. First Turkish lira (1923-2005) featured Atatürk portraits on banknotes. Second Turkish lira (2005-present) introduced with ₺50 and ₺100 denominations. Lira became world's least valuable currency multiple times between 1995-2004