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Turkish lira hits all-time low after Erdoğan’s call for interest rate cuts

The Turkish lira hit a record low after Turkish President Recep Tayyip Erdoğan said during a televised interview late on Tuesday that he spoke...
Business

Turkey’s central bank holds interest rate at 19 percent under new chief

Turkey's central bank on Thursday held its main interest rate at 19 percent in the first decision since President Recep Tayyip Erdoğan sacked its...
Headline

Controversial Hagia Sophia imam resigns after warnings from gov’t officials

Professor Mehmet Boynukalın, the chief imam of the Hagia Sophia mosque who has recently made the headlines with controversial remarks on such topics as...
Business

Turkey’s Erdoğan says determined to see lower interest rates

Turkish President Recep Tayyip Erdoğan on Wednesday again appeared to wade into the Turkish central bank's policies, saying he was "determined" to see interest...
Business

Turkey’s new central bank governor says April rate cut shouldn’t be taken for granted

Şahap Kavcıoğlu, the newly appointed governor of Turkey’s central bank, said markets shouldn’t take for granted that he’ll cut interest rates as early as...
Business

Turkey keeps main interest rate steady at 17 percent

Turkey's central bank on Thursday kept its main interest rate unchanged at 17 percent for the second month in a row to support a...
National

Turkey hikes main interest rate to 17 percent to help bring down inflation

Turkey's central bank on Thursday raised its main interest rate by two percentage points to 17 percent and promised further monetary tightening to help...
Headline

What kind of a bureaucrat is Turkey’s new central bank governor?

Turkish President Recep Tayyip Erdoğan on Saturday again replaced the governor of the central bank after a previous ousting only 16 months earlier, appointing...
Business

Turkish central bank keeps interest rates steady despite weakening currency

Turkey’s central bank held its benchmark interest rate steady as expected on Thursday despite the lira hitting record lows this week, and it paved...
Business

Turkey’s central bank cuts cheap dealer funding in latest lira move: report

Turkey's central bank will halt funding that had allowed primary dealers to borrow well below its policy rate of 8.25 percent, it said on...
Business

Turkey’s tumbling lira tests Erdoğan’s rate resolve: report

Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdoğan hired him to lift Turkey out of...
Business

Turkish economy expected to contract this year, rebound next: Reuters poll

Turkey’s economy is expected to contract this year for the first time in more than a decade as the coronavirus pandemic and related restrictions...
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