Murat Cetinkaya

Erdogan explains why he fires Turkey's central bank chief

Erdogan explains why he fires Turkey's central bank chief

Turkish President Recep Tayyip Erdogan has confirmed that he fired Turkey's central bank chief over his refusal to cut interest rates. Addressing a trade-union meeting in Ankara, Erdogan again declared interest …

Turkish Central Bank cuts year-end inflation forecast to 14.6%

Turkish Central Bank cuts year-end inflation forecast to 14.6%

Turkey's Central Bank lowered its year-end inflation outlook for 2019 at 14.6%, down from the previous 15.2%. According to the bank, in 2019 inflation is expected to be between 11.9% and 17.3%, with a median of 14.6%, at the end of …

Turkey, China carry out first lira-yuan swap deal

Turkey, China carry out first lira-yuan swap deal

The Central Banks of Turkey and China have concluded their first Turkish lira-yuan swap deal worth 450 million Turkish liras ($132.42 million), a Turkish Central Bank source told Anadolu Agency. The swap …