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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 …
The Turkish Central Bank may continue to raise the discount rate. It could reach 20% this Thursday.
The collapse of the Turkish lira continues for the second day in a row. This happened right after the Central Bank of Türkiye raised the key rate from 8.5 to 15%.
Turkey’s central bank delivered a large interest rate hike Thursday, raising its key rate by 6.5% points to 15%. The increase, which is a significant jump from the current 8.5%, is the first since March 2021. The central bank …
Turkey’s President Recep Tayyip Erdogan has appointed Hafize Gaye Erkan as the country’s new central bank governor, the Official Gazette said. Erkan was a former managing director at Goldman Sachs and co-CEO at …
Türkiye has allowed cash withdrawals from cards and deposits
The reserves of the Central Bank of Republic of Türkiye (CBRT) have reached $125 billion, CBRT governor Shahap Kavcioglu said on the air of the TRT TV channel. "The only central bank in the world, the reserves of which have …
Turkey’s Central Bank reduced the policy rate (one-week repo auction rate) from 10.5% to 9% on Thursday. In October the rate was cut from 12% to 10.5%. The regulator’s decision coincided with projections by the …
The Central Bank of Türkiye has decided to cut the discount rate from 13% to 12%, the regulator's press service reports. "The Monetary Policy Committee has decided to lower the rate at weekly repo auctions (a short-term …
The Turkish government is working on a new financial package to support small- and medium-sized enterprises (SMEs) in need of collateral, the country’s Treasury and Finance Ministry said. According to …
Turkey's central bank said on Thursday it slashed its key rate to 13% from 14% to drive economic growth and sustain employment amid growing geopolitical risk, adding rising loan rates have diminished effectiveness of monetary policy. …
Expectations for Turkish inflation through the end of this year have ticked higher, a closely watched survey showed Monday, as Turkey’s central bank is seen holding its benchmark policy rate unchanged this week. Propelled by …
Turkey’s central bank on Thursday hiked its year-end annual inflation forecast to 42.8%, from 23.2% three months ago, according to a presentation by its governor. The Central Bank of the Republic of Turkey (CBRT) also sees a …
Turkey's central bank slashed its policy rate by 100 basis points to 14% as expected on Thursday, carrying on with Turkish President Recep Tayyip Erdogan's plan even after inflation jumped above 21% and the currency spiraled to all-time …
Amid a sharp slide in the nation’s currency, the Turkish Central Bank announced it would intervene in markets and sell foreign exchange reserves Wednesday to stem volatility in the Turkish lira, …
The Turkish lira rebounded strongly Wednesday as the central bank said it had intervened due to “unhealthy” market prices. The Central Bank of the Republic of Turkey (CBRT) said in a statement it “directly” …
Turkish Central Bank's reserves will surpass $115 billion when pending transactions are completed, Turkey's president Recep Tayyip Erdogan said on Tuesday. The bank's official reserves so far stand at $109 billion, Erdogan …
Turkey's external assets amounted to $227.1 billion as of Oct. 31, down 10.4% from the end of last year, the Turkish Central Bank announced Friday. The country's liabilities against non-residents during the same period also fell …
Fitch Ratings downgraded Turkey’s credit rating from "BB+" to "BB-" with a negative outlook, after Turkish President Recep Tayyip Erdogan sacked governor of the central bank Murat …
Turkish President Tayyip Erdogan said on Wednesday he had dismissed the central bank governor because he failed to follow instructions on interest rates and the bank had not properly fulfilled its role, Reuters reports. …
