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Turkey ready to support its banks if needed, Albayrak says

Turkey is ready to provide required support to its banks should the need arise due to recent developments, Finance Minister Berat Albayrak was quoted...

Turkish lira loses almost all gains after interest rate hike of 625 basis points

Five days after the Turkish Central Bank’s interest rate hike of 625 basis points, a record high during President Recep Tayyip Erdoğan’s terms in...

Erdoğan on interest rate hike: My patience has limits

Turkish President Recep Tayyip Erdoğan reacted angrily on Friday to a crucial interest rate hike announced by the country’s central bank, stating that his...

Turkish central bank hikes rates to save weakening lira

Turkey’s central bank raised its benchmark rate by 625 basis points on Thursday in a move that boosted the lira and may ease investor...

Turkish economy grew by 5.2 percent in Q2, driven by private consumption

The Turkish economy grew by 5.2 percent in the second quarter of this year compared to the same period last year, the country’s statistics...

Erdoğan calls int’l credit rating agencies ‘fraudsters,’ says currency crisis will pass

Turkish President Recep Tayyip Erdoğan on Friday called international credit rating agencies “fraudsters” while promising his supporters that “this too shall pass,” referring to...

Albayrak: Global rating agencies trying to create pessimistic view of Turkey’s banks

International rating agencies have been making intense efforts to create a pessimistic view of Turkey’s banks, Treasury and Finance Minister Berat Albayrak said on...

Turkey wants to take relations with EU to new phase: Albayrak

Turkey wants to take its relations with the European Union to a new phase at a time when its trade with the bloc is...

[OPINION] Has the Trump administration given up hope on pastor Brunson?

Asking the evangelical pastor to ‘represent’ the United States as a ‘great patriot hostage’ might not bode well for his immediate future Turkish Minute staff The...

Finance Minister Albayrak seeks to reassure global investors amid currency crisis

-- No plans to go to IMF, focus on foreign direct investment -- Government to see certain expenditure cuts -- No non-market measures or capital controls --...

Turks ask God to depress value of US dollar

As a diplomatic crisis between Turkey and the US over an American pastor hits the Turkish economy, a group of Turks in the southern...

Turkish Finance Minister Albayrak: US dollar has lost its reliability

Turkey’s Treasury and Finance Minister Berat Albayrak on Tuesday said the US dollar has lost its reliability as it has the potential to inflict...

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