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Turkey’s central bank hikes main interest rate to 19 pct

Turkey's central bank on Thursday sharply hiked its main interest rate to 19 percent to counter rising inflation and the dropping value of the...
Business

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...
Business

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...
Business

Turkish Central Bank expected to cut key interest rate to 12.5 pct: report

Turkey’s central bank is expected to cut its key interest rate to 12.5 percent from 14 percent next week, sustaining an easing cycle designed to revive...
Business

Turkey’s currency weakens after Erdoğan fires central bank governor

Turkey’s lira weakened on Monday after President Recep Tayyip Erdoğan dismissed the central bank governor, reigniting concerns about political interference in monetary policy and expectations of...
Business

Economists expect Turkey’s central bank to hike interest rates at tomorrow’s meeting

At a scheduled meeting of the Turkish Central Bank’s (TCMB) Monetary Policy Committee tomorrow, following presidential and parliamentary elections last month, economists expect a...
Business

Lira gains value after central bank simplification announcement

The Turkish lira gained value and firmed to 4.55 against the US dollar after a central bank decision on Monday "to complete the simplification...

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