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Turkish central bank keeps year-end inflation forecast unchanged: report

Turkey's central bank will keep its year-end inflation forecast unchanged, maintaining a tight monetary policy to achieve a sustained reduction in inflation, Governor Fatih...

891,000 Turks face legal action over unpaid bank loans, credit card debt

The Turkish Banks Association (TBB) Risk Center has released data indicating a substantial rise in the number of people facing legal action due to...

TurkStat defends withholding of item prices in face of inflation manipulation allegations

The Turkish Statistical Institute (TurkStat) on Wednesday defended its controversial decision to withhold detailed item prices, addressing allegations of inflation data manipulation that have...

İstanbul sees 71 percent increase in cost of living annually

The cost of living in Turkey’s most populous city of İstanbul for a family of four increased by 71.4 percent in July when compared...

Turkey imposes new tariffs on mail order as Turks increasingly shop online due to high inflation

Turkish President Recep Tayyip Erdoğan has signed a decree introducing new tariffs on products ordered from abroad, imposing additional duty on goods purchased through...

Turkey’s inflation falls to 61.78 percent in July

Turkey's annual rate of inflation slowed sharply in July to 61.78 percent as the country battles a cost-of-living crisis, Agence France-Presse reported on Monday,...

Turkey aiming to complete trade talks with Gulf council by end-2024: report

Turkey wants to complete negotiations for a free trade agreement with the Gulf Cooperation Council by the end of the year after Ankara hosted...

Turkey’s foreign trade deficit rose by 10.8 percent in June

Turkey’s foreign trade deficit rose by 10.8 percent year on year to $5.8 billion in June, with imports decreasing 4.4 percent, according to data...

Even a former top judge faces financial difficulties with Turkey’s inflation-hit pensions

A former judge of Turkey’s Supreme Court of Appeals has filed a petition with the Turkish Statistical Institute (TurkStat) demanding that it readjust its...

Turkish gov’t forgave TL 7.5 bln in tax debt, penalties in last decade: opposition MP

Turkey’s Justice and Development Party (AKP) government wrote off TL 7.5 billion ($227 million) in tax debt and unpaid tax penalties, primarily for wealthy,...

Deputy governor says rate cuts not on agenda of Turkey’s central bank: report

Turkey's central bank is not even considering a rate-cutting cycle at this time because easing too early could reignite inflation and extend the pain...

Turkey returns $5 bln Saudi deposit in show of economic confidence: report

Turkey’s central bank has returned to Saudi Arabia a $5 billion deposit, underscoring Ankara’s progress in replenishing its foreign currency stores as part of...

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