Turkey’s current account deficit has shrunk to its
lowest level since 2003, all but eliminating an indicator that was once seen as
a major vulnerability in...
Turks held some $115.5 billion in foreign currencies
in their bank accounts as of July 5, according to central bank data, indicating
a solid 26-week increase...
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...
Turkey’s food inflation in April climbed to 31.9
percent, more than 30 percent higher than the average in European Union
countries, according to a recent report...
Turkey’s lira is fundamentally undervalued and will
continue to support the country’s export sector, S&P Global Ratings said on
Thursday, Reuters reported.
Speaking about possible drivers of...
Turkey’s lira firmed nearly 1 percent on Thursday on
expectations that ties with Washington will improve after the two presidents
discussed Ankara’s purchase of a Russian...
The Turkish Central Bank has increased its forecast
for yearend inflation from 16.23 percent to 16.68 percent while decreasing its
expectation on the value of country’s...
Goldman Sachs, a global investment bank and financial
services company, has lowered its expectations for the Turkish economy’s
contraction at yearend 2019 from 1.5 percent to...
Turkey’s currency weakened beyond 6.24 to the dollar
on Thursday, hitting its weakest level in eight months amid concerns over the
re-run of İstanbul’s mayoral election...
Turkish financial markets tumbled on Tuesday after the
elections board ruled to scrap and re-run the İstanbul election, with the lira
down 1.3 percent to its...
Turkey's inflation rate unexpectedly slowed somewhat to
19.50 percent in April from a year earlier, helped by more moderate rises in
transportation and clothing, even while...
