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Turkish central bank cuts rate for fourth consecutive month

Turkey's central bank said on Thursday it had cut its main policy rate for the fourth consecutive month despite high inflation, Agence France-Presse reported. On...

Saudi Arabia says it is close to making $5 billion deposit with Turkey

Saudi Arabia and Turkey are discussing Riyadh making a $5 billion deposit in Turkey's central bank, Reuters reported, citing a Saudi Ministry of Finance...

Turkey gets to rewrite inflation forecasts again after rate cuts: report

Turkey’s central bank is likely to raise its year-end inflation projection following a round of unorthodox interest-rate cuts that have sent prices higher --...

Turkish central bank cuts rates for third month

Turkey's central bank on Thursday cut its policy rate for the third consecutive month despite plunging lira and an annual inflation rate that has...

Turkey cuts interest rate for second month despite soaring inflation

Turkey's central bank on Thursday cut its policy rate for the second straight month despite an annual inflation rate that has reached 80 percent...

Lira hits year low as Turkey holds interest rates

The Turkish lira touched its low for the year on Thursday as the central bank once again refused to raise interest rates to combat...

Inflation-ravaged Turkey refuses to raise rates

Turkey's central bank on Thursday bucked global trends once again and kept its benchmark interest rate stable despite one of the highest levels of...

Turkey keeps interest rates unchanged despite lira, inflation risks

Turkey’s central bank left interest rates unchanged for a fifth month, extending a pause that is coming at a steep cost for the lira,...

Turkey again refuses to raise rates to fight record inflation

Turkey's central bank on Thursday brushed aside an inflation reading that has soared past 60 percent and kept its benchmark interest rate steady for...

Turkish central bank holds rate at 14 percent despite price surge

Turkey's central bank kept its key rate steady at 14 percent for the third straight month on Thursday as expected, sticking to President Recep...

Turkish central bank keeps interest rate stable despite soaring inflation

Turkey's central bank on Thursday kept its main interest rate steady again as the country faces soaring inflation that has put pressure on households...

Turkey halts four-month streak of interest rate cuts

Turkey's central bank on Thursday bowed to market pressure and halted a four-month streak of interest rate cuts that saw inflation soar and the...

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