Turkish Central Bank raises key rate to 46%
Türkiye has raised its key rate again, breaking a series of consecutive rate cuts over the past three meetings of the country's Central Bank.
Turkish economy
Türkiye's inflation growth slows in March
The Turkish economy is gradually recovering from the sharp rise, as analysts are registering a slowdown in inflation growth again. This has been happening for the tenth month in a row.
Türkiye sets record for LNG imports
Türkiye has been importing at least 2 million tons of LNG for the third month in a row. Deliveries in February reached a record high.
Erdogan announces launch of new transport corridors
Turkish President Recep Tayyip Erdogan has announced the launch of new transport and logistics corridors aimed at enhancing trade and development between Europe, Asia and the Middle East. Speaking at the presentation of …
Turkish lira plummets amid political turmoil
The Turkish lira weakened sharply to a record low against the U.S. dollar after Ekrem Imamoglu, the main opposition challenger to Turkish President Recep …
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.
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 …
Turkey's GDP grows 3.2% in 2024
Turkey's economy grew 3.0% year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2%, official data showed. The Turkish economy was forecast to have expanded 2.6% year-on-year in the fourth quarter and by 3% in …
Lira hits historic low in Türkiye
The dollar to Turkish lira exchange rate reached 36 lira today, marking an all-time low for the national currency.
Türkiye cuts key rate to 45%
The Central Bank of Türkiye has decided to cut the key rate to 45% during its first meeting in 2025.
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.
Türkiye sets new exports record, Erdoğan says
"Our export of goods in 2024 increased by 2.5% compared to 2023, reaching $262 bln"
Turkish economy growing
Turkey's economy grew at a less than expected 2.1% in the third quarter as demand ebbed - especially in the services sector - under the weight of high interest rates. Third-quarter gross domestic product (GDP) dipped by 0.2% from …
Türkiye keeps key rate at 50%
The Turkish Central Bank has been keeping the key rate at 50% for eight months now. Until March of this year, it was at 45%.
Deputy Foreign Ministers of Russia and Türkiye discuss economic issues
The meeting of the Deputy Foreign Ministers of Russia and Türkiye focused on cooperation in the field of economy and energy, as well as issues of interaction within the UN.
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.
