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, …
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'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, …
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 …
For the second time in 6 months, Türkiye will increase the minimum wage. It will grow by 34% from July 1. This decision will increase the purchasing power of citizens.
On the eve of the presidential run-off scheduled for tomorrow, the country’s currency is trading at an all-time low - almost TL 20 to a dollar
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. …
Turkish President Recep Tayyip Erdogan said the government expected the country's annual inflation to drop to 30% by the end of 2023. "We hope that inflation, which has been declining rapidly since the beginning of the year, …
Turkish inflation slowed for the first time in over a year and a half, though measures to revive the economy ahead of elections in 2023 may keep it elevated for some time. Consumer prices rose an annual 84.4% in November, down …
Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite surging prices. In the last three months, the …
Annual inflation in Turkey hit 83.45% in September 2022, the Turkish Statistical Institute (TUIK) reported on Monday. In August inflation reached 80.21%. Meanwhile, according to data provided by the independent Inflation Research Group …
Turkey's annual inflation climbed to a fresh 24-year high of 80.21% in August, a bit below expectations according to official data,after the central bank unexpectedly cut interest rates and stoked a cost-of-living crisis. Despite …
The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year
Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%
Turkey's tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged close to 2019 levels
Turkey's inflation rose by 4.95% on a monthly basis in June to reach a lower-than-expected 78.62% on an annual basis, the Turkish Statistical Institute (TurkStat) revealed Monday. It was expected to reach 80%, according to the …
Turkey's Treasury said on Friday fighting inflation remained its top priority after authorities announced fresh measures to shore up an economy beleaguered by surging prices and a sliding lira
Turkey’s May consumer inflation came in lower than expected, but newly announced gas and electricity hikes bode a renewed resurge in prices across the board.
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 …
GDP probably expanded at slowest rate since 2020 last quarter
