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.
The Turkish lira continues to weaken. During today's trading, the country's national currency dropped to 33.13 lira per US dollar. By the end of the year, the Turkish lira could fall further, to almost 38 liras per US dollar.
The GDP in the Group of 20 nations increased 0.9% in the first quarter of this year on quarterly basis, the Organization for Economic Cooperation and Development (OECD) data showed. The figure accelerated from a 0.7% growth in the final …
Inflation in Türkiye will peak in May and then begin to decline rapidly, the head of the republic announced
The discount rate remained unchanged in Türkiye. The decision was made by the Central Bank of the country. The rate will remain at 50%.
Türkiye and the World Bank signed an agreement on cooperation in the energy sector. It is aimed at expanding the use of renewable energy sources.
The Turkish authorities intend to introduce fines for entrepreneurs artificially inflating prices. The fine could be over $31 thousand.
The Turkish authorities intend to introduce a ban on the export of chicken meat due to an increase in the price of this type of meat
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 …
