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Finance minister says Turkey ‘determined’ not to raise interest rates

Turkey is determined to not raise interest rates, its new finance minister said on Monday, echoing President Recep Tayyip Erdoğan’s policy that has put...

Erdoğan defends ‘risky but correct’ economic policy

Turkish President Recep Tayyip Erdoğan defended Wednesday his "risky but correct" economic policy of low interest rates as the central bank intervened in markets...

Erdoğan sticks to his guns on inflation as lira tumbles

Turkish President Recep Tayyip Erdoğan on Tuesday again rejected the idea of raising interest rates to shore up the nation's currency, which has slumped...

Erdoğan doubles down on low interest rates despite lira fall

Turkey's President Recep Tayyip Erdoğan vowed "no compromise" on low interest rates in comments published by Turkish media on Monday, despite a currency crisis,...

Turkish lira hits record low as Erdoğan vows to fight high interest rates

The Turkish lira hit a record low of 10.63 to the US dollar with the expectation of an interest rate reduction after President Recep...

Turkish inflation climbs to near 20 percent amid interest rate cuts

Turkey's annual inflation rate rose to its highest in more than 2-1/2 years in October, data showed on Wednesday, as the central bank, under...

Turkey cuts interest rate despite soaring inflation

Turkey's central bank cut interest rates for the second successive month on Thursday in what economists interpreted as confirmation of its loss of independence...

Turkey’s central bank cuts key rate after Erdoğan pleas

Turkey's central bank cut its main interest rate on Thursday after months of pressure from President Recep Tayyip Erdoğan for it to lower rates,...

Turkish lira tumbles over central banker’s comments

The Turkish lira took one of its biggest tumbles of the year on Wednesday over speculation that the central bank was about to cut...

Turkey keeping an eye on inflation as bank holds key rate at 19 percent

Turkey's central bank said Thursday it was keeping a close eye on rising inflation as it left its key interest rate unchanged at 19...

Turkish central bank keeps rates steady, warns of volatile summer inflation

Turkey's central bank said on Wednesday that inflation could be volatile through the summer due to the easing of coronavirus measures as it kept...

Turkey’s central banker tries to calm market jitters

Turkey's central bank chief on Wednesday tried to quash speculation that he is about to bow to President Recep Tayyip Erdoğan's pressure and cut...

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