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Turkey’s central bank hikes rates 475 points

Turkey's central bank raised the one-week repo rate by 475 basis points to 15 percent on Thursday in a bid to boost the struggling...

Turkey’s lira continues sliding, central bank meeting takes on importance: report

Turkey's lira fell to a new record low against the US dollar on Monday, as investors weighed up tightening steps by the central bank...

Rating agencies warn Turkey it may need to hike rates: report

Ratings agencies warned Turkey on Friday that it will likely have to hike interest rates sooner or later as it runs out of options...

Turkish inflation dips below expectations in July, currency firms: report

Turkey's consumer price inflation fell to a lower-than-expected 11.76 percent year-on-year in July, official data showed on Tuesday, reversing two months of rising inflation...

Turkish state banks short foreign currencies to support lira: report

Turkish state banks have doubled their short foreign currency positions in six weeks to $8.3 billion (6.61 billion pounds) to help defend the lira,...

Turkey publishes new regulations on market manipulation as lira weakens

Turkey published regulations on Thursday that would punish institutions spreading “false or misleading information” in financial markets as the lira hit a record low against the US...

Turkish central bank expects lira to be valued at 6.43 against dollar at yearend 2020

Turkey’s central bank has said it expects inflation will be 10.01 percent at the end of 2020, while economic growth will be 3.4 percent and the...

Turkish markets tumble under threat of US sanctions: report

The lira broke past the 5.93-per-dollar mark on Monday even as lenders sold more than $1 billion worth of foreign exchange, according to two people familiar with...

Turkish lira gains value, outperforming other EM currencies: report

Turkey’s lira firmed on Thursday, outperforming some other emerging market currencies, while the main stock index declined more than 2 percent after a three-day market holiday,...

Turkey’s inflation rises below expectations in July: report

Turkey's inflation rose a bit less than expected to 16.65 percent in July after tax cuts on some goods expired, briefly disrupting a downward trend that...

Reuters poll expects 1.5 pct contraction by yearend for Turkish economy

Turkey’s economy is expected to shrink 1.5 percent by yearend for the first time in a decade and to see only modest growth in the following...

Turkey’s central bank leaves interest rates unchanged as lira keeps bleeding

Turkey’s central bank has decided to keep interest rates steady as the Turkish lira depreciated further, the Diken news website reported on Thursday. The bank at its monetary...

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