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Turkish central bank keeps interest rates steady despite weakening currency

Turkey’s central bank held its benchmark interest rate steady as expected on Thursday despite the lira hitting record lows this week, and it paved...
Business

Turkey’s central bank cuts cheap dealer funding in latest lira move: report

Turkey's central bank will halt funding that had allowed primary dealers to borrow well below its policy rate of 8.25 percent, it said on...
Business

Turkish lira slips again as calls grow for decisive action: report

Turkey's lira weakened again on Monday after touching a record low last week, slipping 0.4 percent as the central bank continued to raise borrowing...
Business

Turkey mounts new defense of lira as locals snap up dollars: report

Turkey’s central bank squeezed some credit channels and signaled on Friday it would do more backdoor policy tightening to arrest a record drop in...
Business

Rating agencies warn Turkey it may need to hike rates: report

Ratings agencies warned Turkey on Friday that it will likely have to hike interest rates sooner or later as it runs out of options...
Business

Turkey’s lira slides to record low despite central bank efforts: report

The Turkish lira tumbled to a record low on Thursday, despite efforts by the central bank to reassure investors that the country’s economy is...
Business

Turkey’s tumbling lira tests Erdoğan’s rate resolve: report

Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdoğan hired him to lift Turkey out of...
Business

Turkey’s central bank sharply raises yearend inflation forecast: report

Turkey's central bank sharply raised its end-year inflation forecast to 8.9 percent on Wednesday, after three months of price rises through the pandemic, but...
Business

Turkish economy expected to contract this year, rebound next: Reuters poll

Turkey’s economy is expected to contract this year for the first time in more than a decade as the coronavirus pandemic and related restrictions...
Business

Turkey’s central bank holds interest rates steady due to inflation risk

Turkey's central bank said on Thursday that a recent increase in inflation meant there were risks it could overshoot its year-end projection, as it...
Business

Turkey’s external debt up to one-year maturity at $169.5 bln at end of May: central bank

Turkey's central bank said on Monday the country's external debt maturing in a year or less stood at $169.5 billion, up nearly $5 billion...
Business

Turkey revokes experience requirement for central bank deputy governor: report

Turkey has revoked a requirement that central bank deputy governors have 10 years prior experience and dropped a rule that banks set aside 20...
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