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Turkish inflation climbs to near 20 percent amid interest rate cuts

Turkey's annual inflation rate rose to its highest in more than 2-1/2 years in October, data showed on Wednesday, as the central bank, under...
Business

Central bank increases Turkey’s 2021 inflation forecast as lira weakens

Turkey’s central bank raised its inflation projections for the end of this year with the lira trading just shy of record lows after rate-cut...
Business

Turkey cuts interest rate despite soaring inflation

Turkey's central bank cut interest rates for the second successive month on Thursday in what economists interpreted as confirmation of its loss of independence...
Business

Opposition slams Erdoğan for latest central bank reshuffle via midnight decree

Turkish President Recep Tayyip Erdoğan has been harshly criticized by senior opposition figures for once again carrying out a reshuffle of the Turkish Central...
Business

Turkish lira hits record low as Erdoğan sacks central bankers

The Turkish lira sank to a record low against the US dollar on Thursday after President Recep Tayyip Erdoğan fired three central bank members...
Business

Turkey’s central bank cuts key rate after Erdoğan pleas

Turkey's central bank cut its main interest rate on Thursday after months of pressure from President Recep Tayyip Erdoğan for it to lower rates,...
Business

Turkish lira tumbles over central banker’s comments

The Turkish lira took one of its biggest tumbles of the year on Wednesday over speculation that the central bank was about to cut...
Business

Turkey keeping an eye on inflation as bank holds key rate at 19 percent

Turkey's central bank said Thursday it was keeping a close eye on rising inflation as it left its key interest rate unchanged at 19...
Business

Turkish July inflation climbs to near policy rate level of 19 percent

Turkish annual inflation hit a fresh two-year high of 18.95 percent in July, official data showed on Tuesday, above a poll forecast of 18.5...
Business

Turkish central bank keeps rates steady, warns of volatile summer inflation

Turkey's central bank said on Wednesday that inflation could be volatile through the summer due to the easing of coronavirus measures as it kept...
Headline

Turkey’s central banker under investigation over alleged plagiarism in Ph.D. thesis

Turkish Central Bank Governor Şahap Kavcıoğlu is being investigated following allegations that he used plagiarized data in his doctoral thesis back in 2003, Bloomberg...
Business

Turkey holds key rate at 19 percent for third month to help lira

Turkey's central bank on Thursday held its interest rate at 19 percent for the third month, balancing President Recep Tayyip Erdoğan's call for lower...
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