President Recep Tayyip Erdoğan has said Turkey will
soon lower interest rates to single digits and that inflation will follow suit,
Bloomberg reported.
“We are lowering and...
The Turkish economy contracted less than expected in
the second quarter, 1.5 percent year-on-year, as it looks to shake off the
effects of a recession brought...
The Turkish Central Bank unveiled regulatory changes
that determine the amount of cash lenders have to put aside as reserves
depending on how much credit they...
Turkey’s central bank transferred around 22 billion lira ($3.94
billion) to the Treasury last month, the biggest deposit since an annual
dividend payment in January, according...
The
Turkish Central Bank has decreased its forecast for yearend inflation from
15.01 percent to 14.42 percent while increasing its expectation for the value
of country’s national...
Turkey's 12-month cumulative current account recorded
a surplus in June for the first time in nearly 17 years, data from the central
bank showed on Friday,...
Turkey’s central bank has dismissed its chief
economist, Hakan Kara, and some department managers, according to a document
seen by Reuters, re-igniting concern about political interference...
Turkey’s central bank has increased the reserve
requirement ratios on forex deposits and participation funds by 100 basis
points for all maturity brackets, in a move...
Turkish
economist Uğur Gürses has claimed that TL 21 billion ($3.77 billion) in the central
bank’s legal reserves were transferred last Thursday to the treasury.
The
sum represents...
Turkey will see a downward trend in interest rates in
the coming days, the country's finance and treasury minister said on Tuesday,
according to the Hürriyet...
Turkish President Recep Tayyip Erdoğan has said an
interest rate cut of 425 basis points by the country’s central bank on Thursday
is not enough and...
Turkey’s central bank sharply cut its key interest
rate by a more than expected 425 basis points to 19.75 percent on Thursday to
spur a recession-hit...
