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Former finance minister slams ErdoÄŸan over rate hike, demanding an explanation to the nation

A former economy minister lambasted Turkish President Recep Tayyip ErdoÄŸan on Friday after the president described an aggressive repo rate hike by the central...

Turkish finance minister’s record in the spotlight after controversial resignation

Finance Minister Berat Albayrak, the son-in-law of Turkish President Recep Tayyip ErdoÄŸan, quit his job on Sunday, citing health reasons, after his tumultuous two...

Turkey’s meat consumption falls by 30 percent while pasta is up 25 percent

A family of four in 2020 has consumed 30 percent less meat than four years ago, while there has been a 25 percent increase...

Turkey’s central bank tells investors inflation will dip soon: report

Turkey’s central bank said on a conference call on Thursday that inflation, while up a bit in recent months due to the pandemic, will...

Turkey’s inflation rises higher than expected in May: report

Turkey's consumer price inflation climbed more than expected to 11.39 percent year-on-year in May, the Turkish Statistical Institute said on Wednesday, rising against a...

World Bank slashes 2020 growth expectation for Turkey: report

The World Bank has slashed its 2020 growth forecast for Turkey, decreasing its expectation from 3 percent to 0.5 percent, according to the Dünya news website. The...

Turkey’s inflation rate rises for fourth straight month: report

Turkey’s key inflation gauge rose for a fourth straight month to 12.37 percent in February, data showed on Tuesday, testing the central bank’s resolve to keep...

Turkey’s Erdoğan says interest rates will continue to fall

Turkish President Recep Tayyip ErdoÄŸan said on Wednesday that the trend of falling interest rates in Turkey would continue after the central bank more than halved...

Turkey’s inflation rises to 12.15 percent in January: report

Turkey’s consumer price inflation rose a bit more than expected to 12.15 percent year-on-year in January, the Turkish Statistical Institute said on Monday, climbing...

Turkey’s inflation rises slightly more than expected to 11.8 pct: report

Turkey’s annual inflation rate rose slightly more than expected to 11.84 percent in December, official data showed on Friday, ending the year close to a government...

Turkey’s central bank cuts interest rate by 200 basis to 12 pct: report

Turkey’s central bank cut its policy rate by 200 basis points to 12 percent on Thursday, a bit more than expected according to Reuters, and suggested...

Turkey’s inflation rises in November, reversing downward trend

Turkey’s rate of inflation rose in November, reversing a year-long downward trend and creating a quandary for the country’s central bank, the Financial Times reported. Consumer...

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