The negative outlook from countries unable to meet their growth forecasts caused bourses to tumble. The Chinese central bank (PBoC) set the one-year and five-year loan prime rates (LPR) at 3.45% and 3.95%, in line with expectations. The Bank of Korea kept its policy rate unchanged, maintaining it at 3.50%. Its governor Rhee Chang Yong said that the likelihood of a hike was limited. However, the New Zealand central bank signaled that its policy rate might have to be higher than expected, raising it to 5.50% at its latest meeting. This led Japan's Nikkei 225 index to lose 0.36%, South Korea's Kospi index losing 1.35%, and Hong Kong's Hang Seng index losing 4.83%. The Shanghai composite index also lost 2.07%. For the coming week, consumer sentiment in Japan, and Tokyo's Tankan, manufacturing PMI in China will be announced on Monday; consumer confidence in Japan on Wednesday; and the US durable goods orders on Friday. On the domestic front, Borsa Istanbul's BIST 100 index closed at 10676.65, up 0.31% for the week. The dollar/TL finished higher at 32.2274. Finance and Treasury Minister Mehmet Simsek said, "We will not take any steps back in our resolve to lower inflation. We will not retreat from our fiscal, monetary, and revenue policy stance." He also noted that the main target of their program is to achieve disinflation. Türkiye İş Bankası's (TİB) international customer transaction costs hit record high levels, reaching $263.1m in February from $456.7m in January.