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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...

Turkish central bank holds rate at 14 percent despite price surge

Turkey's central bank kept its key rate steady at 14 percent for the third straight month on Thursday as expected, sticking to President Recep...

Turkish central bank keeps interest rate stable despite soaring inflation

Turkey's central bank on Thursday kept its main interest rate steady again as the country faces soaring inflation that has put pressure on households...

Turkey halts four-month streak of interest rate cuts

Turkey's central bank on Thursday bowed to market pressure and halted a four-month streak of interest rate cuts that saw inflation soar and the...

Erdoğan’s shock moves revive Turkey’s ailing lira

Turkey's troubled lira extended on Tuesday a stirring recovery that erased nearly a month of historic losses after President Recep Tayyip Erdoğan introduced emergency...

Erdoğan’s remarks defending CB’s policy rate send lira to historic low

The beleaguered Turkish lira weakened to a record low on Tuesday, losing 13 percent against the US dollar after President Recep Tayyip Erdoğan defended...

Turkish lira sinks as central bank cuts interest rate

The Turkish lira sank further on Thursday as the central bank slashed interest rates for the third consecutive month following pressure to do so...

Turkish inflation rises to 19.6 percent after surprise rate cut

Turkey's annual inflation rose to 19.58 percent in September, its highest in two-and-a-half years, data showed on Monday, pushing real yields further into negative...

Turkey holds key rate at 19 percent for third month to help lira

Turkey's central bank on Thursday held its interest rate at 19 percent for the third month, balancing President Recep Tayyip Erdoğan's call for lower...

Turkey holds key interest rate at 19 percent

Turkey's central bank on Thursday held its main interest rate at 19 percent while hinting that it may be lowered in the months to...

Turkey’s central bank hikes main interest rate to 19 pct

Turkey's central bank on Thursday sharply hiked its main interest rate to 19 percent to counter rising inflation and the dropping value of the...

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