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Turkey's annual inflation rate jumped to a 24-year high of 73.5% in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira -- though the figure was slightly lower than economists had feared. Inflation has …
According to trading data, the Istanbul Stock Exchange, Borsa İstanbul, closed on Thursday with the BIST100 at 2601.56. The stock market rose by 32.80 points (1.28%). The volume of operations amounted to almost $ 2.5 …
GDP probably expanded at slowest rate since 2020 last quarter
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 …
The Turkish lira eased a further 0.5% against the dollar on Wednesday, weakening for the fifth consecutive session and bringing the currency back towards the lows which it hit in late December after a series of unorthodox interest rate cuts. …
Turkey has registered the highest monthly exports ever as sales surged 24.6% in April to $23.4 billion, Turkish Trade Minister Mehmet Muş announced on Thursday. Imports rose 35% on annual basis to $29.5 billion, with total trade volume …
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 …
The Turkish government continues its course of turning the national economy into one of the ten largest in the world, President Recep Tayyip Erdoğan said. "Turkey, located in a region full of crises and conflicts, continues its …
Turkish President Recep Tayyip Erdogan participated in the opening ceremony of the Canakkale 1915 suspension bridge across the Dardanelles, timed to coincide with the 107th anniversary of the historic victory in the Gallipoli campaign. …
According to the statistical institute of the republic (Turkstat) data, in Turkey consumer prices rose by 54.4% in February compared to this month of 2021. This means inflation accelerated for the ninth consecutive month, hitting …
Turkey’s central bank held interest rates unchanged at 14% for a second meeting on Thursday, in line with the market expectations. The lender in 2021 has followed a period of aggressive rate cuts with a total of 500 basis points …
Turkey's soft financial policy may fix inflation rate at a high level, according to the report of Fitch Ratings. According to Fitch Ratings analysts, such a policy may exacerbate the consequences of weakening Turkish lira and …
Turkish President Recep Tayyip Erdogan announced a reduction in VAT on basic food products from 8% to 1% to fight inflation and support the population of the republic. He noted that the panic caused by exchange rate fluctuations in the …
Turkish President Recep Tayyip Erdogan said that Turkey would bring consumer prices down as soon as possible, after annual inflation soared to its highest level in 19 years in December. Addressing lawmakers from his ruling Justice and …
Turkish President Recep Tayyip Erdogan said the "the worst part is behind us," as he reiterated the government’s determination to not allow citizens to be crushed by high prices. Erdogan said they had taken the bubble …
Turkey’s exports jumped to an all-time high of nearly $225.4 billion (TL 3.03 trillion) in 2021, Turkish President Recep Tayyip Erdogan announced on Monday, far exceeding the medium-term program goal. Exports surged by 32.9% …
Turkish President Recep Tayyip Erdogan has inaugurated a major road connection between Turkey and the entire Caucasus region, stressing this 2,246-long Pirinkayalar Tunnel will further connect the countries and …
Turkish President Recep Tayyip Erdoğan named the goal of Ankara during his speech at the scientific awards ceremony of the Scientific and Technological Research Council of Turkey (TÜBİTAK) and the Turkish Academy of Sciences …
The Turkish lira grew stronger Thursday in newly announced parity rates against foreign currencies, rates released every morning by the Turkish Central Bank for FX-protected lira deposit accounts. The US dollar/Turkish lira exchange …
Turkey's lira sputtered to another record low on Monday despite $6 billion in central bank interventions this month, after Turkish President Recep Tayyip Erdogan doubled down on his unorthodox low-rates policy by referring to Islamic usury …
