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Turkish lira hits record low as Erdoğan sacks central bankers

The Turkish lira sank to a record low against the US dollar on Thursday after President Recep Tayyip Erdoğan fired three central bank members...
Business

Turkish lira hits all-time low after Erdoğan’s call for interest rate cuts

The Turkish lira hit a record low after Turkish President Recep Tayyip Erdoğan said during a televised interview late on Tuesday that he spoke...
Business

Turkey’s inflation at two-year high above 17 percent after lira slide

Turkish annual inflation climbed to 17.14 percent in April to its highest level in nearly two years, data showed on Monday, driven by a...
Business

Turkish lira, stocks sink after Erdoğan fires top banker

The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip Erdoğan's abrupt dismissal of his...
Business

Turkey registers highest inflation rate since mid-2019 at 15.61 pct in February

Turkish annual inflation rose more than expected to 15.61 percent in February, the highest since mid-2019 according to official data on Wednesday, keeping pressure...
Business

Turkey records 1.8 percent economic growth in 2020 despite pandemic

Turkey's economy grew 5.9 percent in the fourth quarter and 1.8 percent in 2020 as a whole, annual data showed on Monday, emerging as...
Business

Turkey’s inflation jumped to 15 percent in January: report

Turkey’s annual inflation rate climbed more than expected to 14.97 percent last month, data showed on Wednesday, driven by energy and food prices and...
Business

Erdoğan blames shopkeepers for rising food prices, warns of penalties

Turkish President Recep Tayyip Erdoğan holds the country’s shopkeepers responsible for the country's constantly increasing food prices, warning that they may face penalties if...
Business

Turkey’s central bank keeps main interest rate at 17 percent

Turkey's central bank on Thursday kept its main interest rate steady at 17 percent after two consecutive hikes aimed at slowing down inflation and...
Business

Turkey sees highest inflation in more than a year at 14 percent

Turkey's annual inflation jumped more than expected to 14.03 percent in November, its highest since August 2019 on the back of the Turkish lira's...
Business

Turkish economy grows 6.7 percent in third quarter after initial virus wave

Turkey’s economy roared to a more-than-expected 6.7 percent growth rate in the third quarter, as a flood of credit helped it rebound from a...
National

Erdoğan’s son-in-law steps down as finance minister, citing health reasons

Berat Albayrak, the son-in-law of Turkish President Recep Tayyip Erdoğan, has quit his job as the country’s finance minister, citing health reasons, according to...
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