Ratings agency Fitch downgraded Turkey’s sovereign rating to “BB-“ on Friday, saying the dismissal of its central bank governor heightens doubts over the authorities’...
Turkey’s current account deficit has shrunk to its
lowest level since 2003, all but eliminating an indicator that was once seen as
a major vulnerability in...
Ä°YÄ° (Good) Party leader Meral AkÅŸener has called on
President Recep Tayyip ErdoÄŸan to remove his son-in-law from the position of
finance minister due to poor...
Turkish President Tayyip Erdoğan’s Justice and Development Party (AKP) is proposing changes in the central bank’s legal reserve ratios, party official Mehmet Muş said...
Turkish President Recep Tayyip ErdoÄŸan sacked the
governor of the central bank on Saturday as differences between them deepened
over the timing of interest rate cuts...
Turkey’s
consumer confidence improved 4.3 percent in June, after dropping to the lowest
level on record in May, the Diken news website reported on Thursday.
Published
by the...
As Turkey heads towards an Ä°stanbul election re-run on
June 23, the country’s central bank on Wednesday kept interest rates steady at
24 percent, the state-run...
Turkey’s central bank has raised reserve requirement
rates for foreign exchange deposits at commercial banks, extending efforts to
discourage locals from converting lira into other currencies,...
Turkey’s foreign exchange reserves have fallen to a
fresh 2019 low once short term borrowing is stripped out, new data showed on
Thursday, as Moody’s issued...
The Turkish Central Bank’s international net reserves suffered a further decrease of $1 billion last week, according to the T24 news website, falling to...
Turkey’s
central bank has decided to keep interest rates steady as the Turkish lira
depreciated further, the Diken news website reported on Thursday.
The
bank at its monetary...
