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Tax cuts, discounts force Turkey’s inflation down in November

Turkey’s consumer price index fell 1.44 percent month-on-month in November, official data showed on Monday, bringing the annual inflation rate down from a 15-year...

Turkish lira crashes to record low on worries over economy, US row

Turkey’s lira plunged to 6.30 against the US dollar on Friday as worries about President Tayyip Erdoğan’s influence over monetary policy and worsening US...

Turkish central bank leaves policy rate unchanged, defying expectations

Turkey’s central bank left its policy rate unchanged on Tuesday, bucking market expectations of a hike and sending the lira down sharply in the...

Economists expect Turkey’s central bank to hike interest rates at tomorrow’s meeting

At a scheduled meeting of the Turkish Central Bank’s (TCMB) Monetary Policy Committee tomorrow, following presidential and parliamentary elections last month, economists expect a...

[VIDEO] Erdoğan: If you’re a patriot, convert your dollars into Turkish lira

Amid signals of a looming economic crisis, President Recep Tayyip Erdoğan on Sunday described Turks who convert their foreign currencies into Turkish lira as...

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