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Central bank lowers FX market reserve requirement limit to prevent value loss of lira

Turkey's central bank lowered the foreign exchange market reserve requirement limit on Monday in order to prevent subsequent value losses in the Turkish lira,...

Turkey’s inflation approaches 16 percent in July, highest in 14 years

Turkey’s July inflation hit its highest point in more than 14 years on Friday, reaching nearly 16 percent on an annual basis as food...

Turkish central bank sharply revises inflation forecast upward from 8.4 to 13.4 pct

Turkey’s central bank on Tuesday sharply raised its inflation forecast for this year and next, saying price pressures were the only factor in its...

Turkish central bank leaves policy rate unchanged, defying expectations

Turkey’s central bank left its policy rate unchanged on Tuesday, bucking market expectations of a hike and sending the lira down sharply in the...

Economists expect Turkey’s central bank to hike interest rates at tomorrow’s meeting

At a scheduled meeting of the Turkish Central Bank’s (TCMB) Monetary Policy Committee tomorrow, following presidential and parliamentary elections last month, economists expect a...

Improper to speculate on central bank’s independence, says new finance minister

Turkey’s new Treasury and Finance Minister Berat Albayrak has underlined that it is improper to speculate on the central bank's independence and decision-making mechanisms,...

Current account deficit widens in May to $5.9 bln, central bank announces

Turkey's current account deficit widened by $516 million year-on-year to reach $5.9 billion in May, the state-run Anadolu agency reported on Wednesday, citing the...

Clause stipulating 5-year term for Turkey’s central bank governor removed

Turkey removed a clause that stipulated a five-year term for the central bank governor, making the changes in a decree published shortly before President...

Turkish inflation hits 15.39 percent in June, highest since 2004

Turkish consumer price inflation jumped to a 14-year high in June, official data showed on Tuesday, driving the lira down and putting pressure on...

Erdoğan’s sweeping election victory has limited effect on Turkish lira

President Recep Tayyip Erdoğan’s re-election had only a limited effect on the Turkish lira on Monday, despite a sweeping victory. While in the early morning...

Turkish lira lurches towards record low despite central bank moves

The Turkish lira lurched back towards a recent record low on Wednesday despite moves by the central bank, including hikes in interest rates totaling...

ÅžimÅŸek reassures global investors in London, softening ErdoÄŸan rhetoric

Turkey’s Deputy Prime Minister Mehmet Şimşek assured global investors in London that the central bank has the freedom to act to defend the Turkish...

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