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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...

Independent research group faces tax audit for failing to declare 33 cents

Turkey’s Finance Ministry has ordered a tax audit of an independent inflation research group whose findings anger the government for being much higher than...

Turkey’s economy expanded 7.5 percent in Q2, seen slowing in H2: report

Turkey's economy expanded 7.5 percent annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast...

Turkey’s finance minister the least successful in cabinet, survey reveals

Turkish Finance Minister Nureddin Nebati, who has been at the helm of the country’s economy since December 2021, is the least successful minister among...

Erdoğan tells Turks to show more patience amid soaring prices

Turkish President Recep Tayyip Erdoğan has said he is aware of the difficulties caused by the high cost of living in the country but...

‘Sacred duty’: Inflation eats into Turkey’s Muslim feast

With inflation in Turkey galloping, the sheep Gül Er buys every year for the Muslim festival of sacrifice in Istanbul looks agonizingly out of...

Erdoğan, TurkStat under fire after release of data on record level of inflation

Turkey’s opposition party leaders have expressed outrage over the record level of inflation, which soared to 78.6 percent in June, according to official data,...

Turkey’s inflation hits two-decade high of 78.6 percent

Inflation in Turkey in June soared to an annual rate of 78.6 percent -- the highest in 24 years, according to official data released...

Turks see high cost of living as country’s biggest problem: survey

An overwhelming majority of Turks see the high cost of living as the country’s most serious problem, according to the results of a recent...

Inflation-ravaged Turkey refuses to raise rates

Turkey's central bank on Thursday bucked global trends once again and kept its benchmark interest rate stable despite one of the highest levels of...

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