Turkish Central Bank cuts key rate to 42.5%
The Central Bank of Türkiye continues to gradually reduce the key rate in response to the slowdown in inflation.
inflation in Turkey
Turkish inflation dips to nearly 40%
The annual inflation rate in Türkiye slowed for a ninth consecutive month in February, falling below 40% for the first time since June 2023, with monthly prices also advancing less than anticipated, official data showed. Consumer …
Türkiye may introduce 500-lira banknote
A 500-lira banknote may be issued in Türkiye soon. Currently, the largest banknote is the 200 lira, which was issued 15 years ago.
Putin speaks on decline in inflation in Türkiye
The Russian President congratulated the Turkish leadership on the decline in inflation in the country. He recalled that the inflation rate is currently below 50%.
Inflation slowdown to 43% expected in Türkiye
At the beginning of this month, the figure was below 50% for the first time in a long time
Turkish hotels become 65% more expensive for tourists over past year
Inflation in Türkiye drives up the cost of hotel accommodation, rent, and restaurant visits. Since last September, hotels prices for tourists have risen by 65%.
Turkey's inflation expectation raised to 41.5%
The Turkish government revised inflation expectations to 41.5% for this year and 17.5% for 2025 and 9.7% in 2026, Turkey's Vice President Cevdet Yılmaz …
Turkey's inflation slows to 52%
Turkey's annual inflation slowed to a 13-month low of 51.97% in August, according to the Turkish Statistics Institute (TÜİK). Consumer prices advanced 2.47% month-on-month in August, easing from the 3.23% increase in July, …
Turkish Central Bank may raise key rate above 50%
The Turkish Central Bank has decided not to change the key rate for now. It will keep it at 50%. However, the regulator warned that if inflation does not decline, the rate will be increased even more.
Türkiye gets ready for peak inflation
Inflation in Türkiye will peak in May and then begin to decline rapidly, the head of the republic announced
Türkiye keeps interest rate at 50%
The discount rate remained unchanged in Türkiye. The decision was made by the Central Bank of the country. The rate will remain at 50%.
Turkish banks to use 'inflation accounting'
Turkey's banks and other financial institutions will have to wait until 2025 to apply inflation-adjusted accounting to their balance sheets, the BDDK banking watchdog said. "It has been decided that banks, …
Turkish inflation quickens to highest level in 2023
Turkey’s consumer inflation accelerated to its highest level this year as household energy use exceeded state support for natural gas consumption. Prices rose an annual 62% through November. Monthly inflation was 3.28%, …
Turkey raises inflation forecasts, sees 65%
Türkiye's Central Bank revised its year-end inflation forecast upwards for 2023 and 2024 while cutting it for 2025. The annual consumer inflation is foreseen to come in at 65% this year, up from 58% the previous forecast, …
Turkey's inflation rate to peak at 60% by year-end
Turkey's inflation could reach 59.46 per cent by December, according to a central bank survey. The policy rate of Turkey's central bank hiked to 17.5% in July may reach 19.19% in December. The lira …
Türkiye raises minimum wage again
For the second time in 6 months, Türkiye will increase the minimum wage. It will grow by 34% from July 1. This decision will increase the purchasing power of citizens.
Turkish lira sets anti-record ahead of run-off
On the eve of the presidential run-off scheduled for tomorrow, the country’s currency is trading at an all-time low - almost TL 20 to a dollar
Turkey inflation higher than expected at 57%
Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May. …
Erdogan expects Turkey's annual inflation to drop by 2023 year-end
Turkish President Recep Tayyip Erdogan said the government expected the country's annual inflation to drop to 30% by the end of 2023. "We hope that inflation, which has been declining rapidly since the beginning of the year, …
Turkey’s inflation slows for first time in over year
Turkish inflation slowed for the first time in over a year and a half, though measures to revive the economy ahead of elections in 2023 may keep it elevated for some time. Consumer prices rose an annual 84.4% in November, down …
