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Turkish lira rallies after historic plunge over tensions with US

The Turkish lira rallied on Tuesday after suffering its biggest daily loss in nearly 10 years in the previous session as investors eyed growing...

Central bank lowers FX market reserve requirement limit to prevent value loss of lira

Turkey's central bank lowered the foreign exchange market reserve requirement limit on Monday in order to prevent subsequent value losses in the Turkish lira,...

Energy inflation to continue upward, Turkey’s central bank says

Turkey’s energy inflation is expected to continue on an upward trend in the short term due to the outlook for natural gas and electricity...

Turkish lira plunges after US decision to review duty free access

The Turkish lira reached a record low against the dollar on Monday after the Trump administration said it was reviewing Turkey’s duty-free access to...

Rental prices in İstanbul are on the rise: reports

Apartment rental prices in İstanbul are on the rise, with August rents averaging TL 1,710 ($340) a month compared to previous months of this...

US sanctions to have limited effect on economy, minister says as lira tumbles

US sanctions imposed on Turkey over the trial of an American pastor accused of backing terrorism are unacceptable and will have limited impact on...

US sanctions 2 Turkish ministers over imprisonment of American pastor

The United States on Wednesday sanctioned Turkey’s Justice Minister Abdülhamit Gül and Interior Minister Süleyman Soylu over the imprisonment of pastor Andrew Brunson, with...

Banks propose rule to speed up restructuring of company debt in Turkey

Turkish banks have proposed rules to speed up the restructuring of company debt and allow lenders to avoid booking problematic credit as non-performing loans,...

Fitch: Turkish lira might plunge to 5.5 against the dollar by yearend

According to a new report by global credit rating agency Fitch, the Turkish lira might plunge to 5.5 to the US dollar at end-2018...

Report: Spain’s BBVA tops list of foreign banks exposed to Turkey

Spain’s BBVA is the international lender most exposed to Turkey, deriving a third of its pre-tax profits from a country where the currency is...

Stocks and bonds slide as Turkish lira approaches 2-week low

Turkey’s stocks and bonds slid for a second day and the lira approached a two-week low amid growing investor unease over President Recep Tayyip...

Turkish inflation hits 15.39 percent in June, highest since 2004

Turkish consumer price inflation jumped to a 14-year high in June, official data showed on Tuesday, driving the lira down and putting pressure on...

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