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Turkey sticks with 5 pct target despite current inflation of more than 20 pct

Turkey’s central bank said on Wednesday it would stick with a 5 percent inflation target, a deeply ambitious goal after this year’s currency crisis...
Business

Central bank governor expects Turkish inflation to gradually approach target

Turkey’s inflation is expected gradually to get nearer to the central bank’s targets, Central Bank Governor Murat Çetinkaya said on Friday, after consumer prices...
Business

Turkish inflation hits 25.2 percent in October, highest in 15 years

Annual inflation in Turkey surged to 25.2 percent in October, hitting its highest in 15 years and underscoring the impact on the wider economy...
Business

Turkish central bank keeps main interest rate unchanged

The Turkish central bank on Thursday kept its main interest rate unchanged, in line with market expectations after an unexpectedly aggressive hike last month,...
Business

Turkish manufacturing slides to 9-year low, indicating deep recession on the way

Turkish manufacturing activity slid to its lowest level in nine years in September, a business survey showed on Monday, in what economists said was...
Business

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...
Business

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...
Business

Turkey sees highest inflation in past 15 years at nearly 18 percent

Inflation in Turkey rose again in August to nearly 18 percent, official statistics showed, the highest since late 2003 and coming after the Turkish...
Business

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...
Business

Central bank poll: Turkish lira will be valued at 5.97 to the US dollar at yearend

Turkey’s central bank has released its expectations poll for August 2018 in which it forecast the value of the lira against the US dollar...
Business

Markets still rattled as Turkish lira pulls back from record low

Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and...
Business

Turkish lira rallies after historic plunge over tensions with US

The Turkish lira rallied on Tuesday after suffering its biggest daily loss in nearly 10 years in the previous session as investors eyed growing...
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