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Turkey’s central bank keeps interest rates unchanged before repeat İstanbul election

As Turkey heads towards an İstanbul election re-run on June 23, the country’s central bank on Wednesday kept interest rates steady at 24 percent, the state-run...

Inflation to drop to single digits, interest rates to be decreased: Albayrak

Treasury and Finance Minister Berat Albayrak on Thursday claimed that Turkey’s inflation would drop to single digits in three months’ time and that interest rates would...

Turkish central bank keeps interest rates unchanged ahead of election

Turkey’s central bank kept its benchmark interest rate on hold on Wednesday, sticking to a promise to stand firm on inflation even as the...

Erdoğan says Turkey will cut inflation 6 or 7 pct without explaining how

Turkish President Recep Tayyip Erdoğan said on Saturday Turkey’s inflation rate would fall to 6 or 7 percent from the current 19-20 percent but...

Ankara sees no recession, negative growth ahead: finance minister

Turkey’s economic growth has softened but government moves to cut taxes and accelerate the transfer of billions of lira to the Treasury mean Ankara...

Turkish Central Bank keeps interest rates unchanged

Turkey’s central bank on Wednesday ruled to keep its one-week repo rate -- also known as the policy rate -- constant at 24 percent,...

Turkey’s central bank keeps interest rates unchanged

Turkey’s central bank left its benchmark interest rate unchanged on Thursday, as expected, easing investor concerns over an early loosening after inflation eased from...

Turkish central bank keeps main interest rate unchanged

The Turkish central bank on Thursday kept its main interest rate unchanged, in line with market expectations after an unexpectedly aggressive hike last month,...

Turkish central bank hikes rates to save weakening lira

Turkey’s central bank raised its benchmark rate by 625 basis points on Thursday in a move that boosted the lira and may ease investor...

Turkey’s central bank deputy governor to leave: report

Turkish Central Bank Deputy Governor and ratesetter Erkan Kilimci is leaving the bank, three sources familiar with the matter told Reuters. Kilimci is joining the...

Erdoğan pledges to fight high interest rates if re-elected

President Recep Tayyip Erdoğan has pledged to fight high interest rates in Turkey if he is re-elected in snap elections on June 24, the...

Turkish lira lurches towards record low despite central bank moves

The Turkish lira lurched back towards a recent record low on Wednesday despite moves by the central bank, including hikes in interest rates totaling...

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