Central Bank

Turkey's Central Bank overhauled its inflation forecast for 2018 and expects more than 13 percent inflation, adding uncertainty and pressure on a struggling lira.

The specter of political interference in Central Bank's monetary policy came to the public spotlight again on Tuesday after the bank kept its key interest rate unchanged, leaving the Turkish…

In a new controversial decree, Central Bank and other public banks have come under the direct authority of President Recep Tayyip Erdogan's son-in-law Berat Albayrak who now leads the newly…

Turkey's Central Bank announced simplification of monetary policy to create one headline interest rate, a move that helped the lira rally after weeks of steady decline against the foreign…

After having briefly rallied, the Turkish lira has lost value again and tumbled to 4.74 against the U.S. dollar after less than a day Central Bank raised a key lending rate by 300 basis…

Turkish lira bounced back from historic low 4.90 to 4.55 against the U.S. dollar after the Central Bank raised benchmark lending rate from 13,5% to 16,5% following an emergency meeting on…

A week after President Recep Tayyip Erdogan’s three-day visit to London to lure international investors, the Turkish economy shows signs of serious trouble, with its bonds sinking, and a…

Last month or so, Turkey’s Central Bank saw its net international reserves dropped %20. The lira was in a freefall against the dollar, and nobody is sure when it would recover its strength…

Turkish economy saw a stunning, eye-catching 11 percent growth in the third quarter of this year, surpassing even the most optimist forecasts. For President Recep Tayyip Erdogan, it was…

The Turkish economy is cruising for a bruising crisis as lira tumbled against U.S. dollar, bonds slid and inflation continues to rise despite attempts by the Central Bank to soothe jittery…