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Turkey’s central bank holds interest rates steady due to inflation risk

Turkey's central bank said on Thursday that a recent increase in inflation meant there were risks it could overshoot its year-end projection, as it...

Turkish central bank cuts policy rate by 50 pts, eyes normalization: report

Turkey’s central bank cut its policy rate by 50 basis points to 8.25 percent as expected on Thursday, taking advantage of recent lira strength...

Turkey’s central bank reduces interest rates to single digits, announces coronavirus measures: report

Turkey’s central bank cut its key interest rate by a full percentage point to single digits and announced a series of measures to boost liquidity amid...

Coronavirus may exhaust Turkey’s opportunities for economic recovery: report

Turkey, which unleashed a massive stimulus to recover from a 2018 currency crisis, is poised to stretch its central bank and public finances even more to...

Turkey’s central bank continues lowering interest rates with small cut

Turkey's central bank lowered its key interest rate by 50 basis points to 10.75 percent as expected on Wednesday, its sixth consecutive rate cut and the...

Turkey’s Erdoğan says interest rates will continue to fall

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

Turkey’s central bank cuts interest rates to 11.25 pct: report

Turkey’s central bank trimmed its key interest rate by 75 points to 11.25 percent on Thursday as expected, its most restrained move since it began easing...

Erdoğan says former ally Babacan was ‘lover of interest rates,’ took orders from IMF

Turkish President Recep Tayyip Erdoğan has described former Deputy Prime Minister Ali Babacan as a “lover of interest rates” and claimed he took orders from the...

Turkish vehicle sales saw 16-year low in 2019: report

The sale of passenger cars and light commercial vehicles in 2019 declined by 22.9 percent to 479,060 units, the lowest level in the last 16 years,...

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...

Erdoğan urges central bank to continue interest rate cuts: report

Turkish President Recep Tayyip Erdoğan urged the central bank on Tuesday to continue slashing interest rates, after it already cut them by 1,000 points since July,...

Turkey’s Erdoğan pledges more interest rate cuts next year

President Recep Tayyip Erdoğan has pledged that the country’s interest rates would see a deeper cut in 2020, calling on businessmen around the world to invest...

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