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turkish lira

Erdoğan’s sweeping election victory has limited effect on Turkish lira

President Recep Tayyip Erdoğan’s re-election had only a limited effect on the Turkish lira on Monday, despite a sweeping victory. While in the early morning...

Turkey to import onions, potatoes, in effort to curb skyrocketing prices

The government is set to allow potato and onion imports in limited amounts from designated countries in an effort to curb prices, which have...

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...

Turkey’s central bank hikes benchmark rate 125 basis points

The Turkish Central Bank (TCMB) raised its benchmark rate from 16.5 to 17.75 percent on Thursday, a move that was expected following an increase...

Turkey’s inflation rates exceed expectations

Turkey’s consumer price index (CPI) grew by 1.62 percent in May, exceeding expectations of 1.45 percent and raising inflation to 12.15 percent year-on-year, according...

Foreign direct investment flowing in to Turkey, Şimşek claims

Deputy Prime Minister Mehmet Şimşek appeared on pro-government Kanal 7 TV on Sunday, saying funds from global investors have begun to flow into Turkey...

Şimşek reassures global investors in London, softening Erdoğan rhetoric

Turkey’s Deputy Prime Minister Mehmet Şimşek assured global investors in London that the central bank has the freedom to act to defend the Turkish...

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...

You can’t hit us with foreign exchange rates, Erdoğan says

Turkey’s President and Chairman of the ruling Justice and Development Party (AKP) Recep Tayyip Erdoğan implied during a rally in Isparta on Sunday that...

Şimşek says Halkbank rumors limited central bank’s effect on Turkish lira

Deputy Prime Minister Mehmet Şimşek has claimed that a decision made by the Turkish Central Bank to increase interest rates only had a limited...

Turkey’s finance leaders to meet with foreign investors amid lira’s free fall

Deputy Prime Minister Mehmet Şimşek and Turkish Central Bank Governor Murat Çetinkaya will meet with fund managers and investors on May 28 in İstanbul...

Turkey’s central bank increases interest rates as Turkish lira is in free fall

Following the Turkish lira’s record value loss against the US dollar, policy committee members of Central Bank of the Republic of Turkey (CBRT) held...

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