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Turkey calls on country’s religious authority in struggle to keep prices down

As the Turkish lira continues to be hit by losses in value against foreign currencies, the government has been struggling to keep prices down,...

Turkey’s central bank deputy governor to leave: report

Turkish Central Bank Deputy Governor and ratesetter Erkan Kilimci is leaving the bank, three sources familiar with the matter told Reuters. Kilimci is joining the...

Central bank poll: Turkish lira will be valued at 5.97 to the US dollar at yearend

Turkey’s central bank has released its expectations poll for August 2018 in which it forecast the value of the lira against the US dollar...

Finance Minister Albayrak seeks to reassure global investors amid currency crisis

-- No plans to go to IMF, focus on foreign direct investment -- Government to see certain expenditure cuts -- No non-market measures or capital controls --...

New economic model for Turkey to be announced on Friday: minister

Turkish Treasury and Finance Minister Berat Albayrak is set to announce a "framework for a new economic model" on Friday, the ministry has announced,...

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,...

Turkey’s central bank hikes benchmark rate 125 basis points

The Turkish Central Bank (TCMB) raised its benchmark rate from 16.5 to 17.75 percent on Thursday, a move that was expected following an increase...

Turkey’s central bank raises year-end inflation forecast to 8.7 percent

Turkish Central Bank Governor Murat Çetinkaya on Tuesday raised the inflation forecast for end-2017 to 8.7 percent from the previous 8.5 percent. Speaking during a...

Turkey annual inflation reaches 11.2 percent in March, highest since 2008

Turkey's annual inflation hit its highest point in March since 2008 as it reached 11.29 percent, data released on Monday by the Turkish Statistics...

Turkey’s annual inflation hits double digits in February

Turkish annual consumer price inflation rose above 10 percent in February as transportation and health costs climbed, data released on Friday by the Turkish...

Turkey’s annualized inflation hits 9.22 percent in January 2017

Turkey‘s inflation rate increased in January by 2.46 percent over the previous month, with the consumer price index coming in at an annualized 9.22...

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