Turkish Central Bank decides to keep rate at 50%
Today the interest rate in the republic is 50%. 22 years ago was the last time, when it was above the current level.
Today the interest rate in the republic is 50%. 22 years ago was the last time, when it was above the current level.
Russian citizens ranked first in the list of the most active real estate buyers in Türkiye. Last month, Russians purchased more than 400 residential properties.
Turkey’s central bank raised its key interest rate, the one-week repo rate, from 45% to 50%, the bank's press service reported, citing the continuing need to counter climbing inflation in the country. …
In the summer, Türkiye will abandon the current restriction on increasing the cost of renting apartments. Now, the owner of the property can raise the rent by no more than 25%. Lifting the restriction could increase apartment rental prices in Türkiye.
The Turkish Central Bank has not risen the key rate for the first time in 8 months. It is currently at around 45%.
Last year, Turkish unemployment rate fell to an 11-year low, reaching a historic low of 8.8%. Among the male population, this rate is even lower. It is 7.2%.
The head of Türkiye announced plans for the development of tourism in the country this year
Prices for consumer goods and services in Türkiye have risen to record levels over the past 14 months. Over the year, inflation amounted to almost 65%.
Azerbaijan and Türkiye are strengthening the development of mutual trade. Last year, the countries achieved a record trade turnover and increased volumes by almost $2 billion.
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, …
The Turkish lira hit a fresh record low against the U.S. dollar on January 11, trading at 30.005 to the greenback just before noon local …
Türkiye is Azerbaijan's second-largest economic partner, with a mutual trade transaction of $7.2 billion in January-November 2023, Azerbaijani …
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%, …
Türkiye registered the highest monthly exports ever in October, official data showed Monday, while its trade deficit decreased by 15% on a monthly basis. "In October, our exports increased by 7.4% compared to the same month of …
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, …
At today's meeting of the Turkish Central Bank, the rate was raised to 35%. At the September meeting, the regulator increased it to 30%.
Türkiye's Central Bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%. The Turkish lira weakened slightly to 27.06 against the dollar on the news, with the greenback up …
Turkey’s central bank raised its key interest rate by 7.5 percentage points on August 24, signaling it was willing to follow through on a new commitment to damp inflation through monetary policy. …
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 …
Turkey’s central bank raised on July 20 its key interest rate to 17.5%, the highest level since October 2021. The 2.5% hike came a month after the bank raised rates from 8.5% to 15% following more than a year of …