Turkish Minister Of Treasury And Finance Mehmet Simsek said on Wednesday the government is "doing everything necessary for the healthy functioning of the markets" after the Istanbul stock exchange plummeted. The Turkish lira sank to its lowest-ever point against the euro and the dollar amid a...
The Turkish lira rallied more than 6% against the United States dollar, hitting the highest level since early July, after the country's central bank raised its key interest rate more than expected.
The Central Bank of the Republic of Turkey (CBRT) hiked its policy rate from 17.5% to 25% in an effort to...
The Turkish lira fell to a new record low against the dollar on Tuesday, at 26.93. The move comes as market concerns mount over the possibility that the Central Bank of the Republic of Turkey will raise interest rates this week less than expected.
The dollar surged 2.19% against the lira to go for...
The Turkish lira slid to a fresh record low against the dollar after the Central Bank of the Republic of Turkey (CBRT) hiked its policy rate from 8.5% to 15%.
In its first decision under new Governor Hafize Gaye Erkan, the CBRT said it decided to increase the rate "in order to establish the disinflation...
The Turkish currency fell to a new all-time low compared to the dollar on Monday as the country braced for the runoff presidential election. Incumbent President Recep Tayyip Erdogan was in the lead after the first round ahead of opposition Republican People's Party's Kemal Kilicdaroglu. Erdogan...
The Turkish lira dropped to a fresh record low against the United States dollar on Monday, extending losses prompted by the Turkish Central Bank's latest rate cut.
The central bank lowered rates for the second consecutive month, cutting its benchmark one-week repo rate from 13% to 12%...
The Turkish central bank unexpectedly reduced its benchmark interest rate by 100 basis points to 13% following a seven-month pause despite hints the annual inflation rate would break 80% and reach a 2-year high.
"Increase in inflation is driven by the lagged and indirect effects of rising energy costs...
The Central Bank of Turkey increased on Thursday its annual inflation forecast from April's estimate of 42.8% to 60.4% in the latest outlook, mostly due to growing costs of food products and imports as well as the national currency's weakness against the American dollar.
Commenting on the outlook,...
The Turkish lira hit fresh all-time lows on Monday as President Recep Tayyip Erdogan remained insistent he will stick to his low interest rate policy.
Erdogan stated there is "no going back" from rate cuts amid criticism about his economic policies. "We're lowering interest rates. Don't expect...
Turkey's central bank announced on Friday it directly intervened in the forex market via selling transactions "due to unhealthy price formations" in exchange rates.
The move marked the fifth such intervention since the beginning of the month after the Turkish lira continued to hit all-time...
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