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Appearance of Turkey’s economy ‘really frightening,’ independent research group says

An independent inflation research group has said in an analysis that the appearance of Turkey’s economy is “really frightening,” mainly due to the government’s...

Erdoğan says Turkey’s inflation will fall to 40 percent in several months

In remarks that raised eyebrows, Turkish President Recep Tayyip Erdoğan has said the country’s inflation, which currently stands at more than 80 percent, will...

Turkey’s inflation slows for first time since 2021: official data

Turkey's inflation slowed in November for the first time since May 2021, official data showed on Monday, delivering a boost to President Recep Tayyip...

Court rejects lawsuit filed by TurkStat against independent research group

An Ankara court has rejected a lawsuit filed by the Turkish Statistical Institute (TurkStat) against an independent research group on the accusation that it...

Turkey’s inflation jumps to 85.51 percent in October

Turkish inflation surged past 85 percent in October, its highest level since 1997, official data showed Thursday, as President Recep Tayyip Erdoğan sticks to...

Turkey gets to rewrite inflation forecasts again after rate cuts: report

Turkey’s central bank is likely to raise its year-end inflation projection following a round of unorthodox interest-rate cuts that have sent prices higher --...

Turkey’s inflation rate hits fresh 24-year high exceeding 83 percent

Turkish inflation jumped to a new 24-year high exceeding 83 percent in September as President Recep Tayyip Erdoğan presses for more interest rate cuts...

64 pct of Turks find it ‘difficult’ to manage financially: Ipsos survey

Sixty-four percent of people in Turkey, which is currently in the middle of an economic crisis as food and fuel prices have more than...

Erdoğan hopes policy rate will come down to single digits by year-end

Turkish President Recep Tayyip Erdoğan on Wednesday said he hopes the central bank's monetary policy committee will deliver another cut to its policy rate...

Turkey cuts interest rate for second month despite soaring inflation

Turkey's central bank on Thursday cut its policy rate for the second straight month despite an annual inflation rate that has reached 80 percent...

Erdoğan downplays Turkey’s record inflation of 80.2 percent, claiming to be an ‘economist’

President Recep Tayyip Erdoğan has argued that Turkey's annual inflation, which climbed to a 24-year high of 80.21 percent in August according to official...

Turkey’s inflation hits new 24-year high at 80.2 percent

Turkey's annual inflation climbed to a fresh 24-year high of 80.21 percent in August, a bit below expectations according to official data, after the...

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