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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 …
The Turkish lira weakened more than 2% to a fresh record low against the dollar on July 18 over market concerns that the central bank might raise …
The Turkish Central Bank may continue to raise the discount rate. It could reach 20% this Thursday.
Türkiye became chairman of the Black Sea Economic Cooperation for six months
Over the year, in Istanbul, the prices rose for cultural events, transportation, and communication services
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 …
Türkiye's newly appointed economy chief Mehmet Şimşek said macro-financial stability would be the top priority, stressing "vital importance" to bring inflation down to single digits, increasing predictability and accelerating …
Turkey’s President Recep Tayyip Erdogan has promised to continue with his economic policy if he is re-elected on May 28. “Please do follow me in the aftermath of the elections, and you will see that inflation will be going …
Türkiye has allowed cash withdrawals from cards and deposits
Recep Tayyip Erdogan's challenger in Turkey's presidential race has sharpened his tone on migrants, vowing to send all migrants back to their countries once elected in a May 28 runoff vote. Kemal Kilicdaroglu, the candidate of a …
The ceremony of pumping the first gas from the Sakarya field to the gas processing plant in Filyos will take place today at 20:23 local time. Black Sea gas, which will reduce foreign dependency on energy and contribute …
Turkey's central bank lowered its key rate by 50 basis points to 8.5% on Thursday. "It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the …
Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May. …
Treasury and Finance Minister Nureddin Nebati said the government would continue to pursue policies that prioritize economic growth and jobs in 2023, a year he said would see a further drop in inflation and an increase in household income. …
