Turkish Inflation Resumes Rise in January
Turkish inflation slightly surged 1.06 percent in January from December after two months of slowdown, reaching an annual rate of 20.35 percent, driven by higher food prices.
Turkey Inflation Drops from 15-year High
Inflation in Turkey fell back last month after hitting a 15-year high in October, official statistics showed Monday, increasing the likelihood of an interest rate cut in the months ahead.
Turkish Inflation Surges to New 15-Year High
Inflation in Turkey surged to over 25 percent in October from the same period the year earlier, the highest annual rate for over 15 years, official statistics showed on Monday.
Turkey To Be Among Eight Countries Exempt from US Oil Sanctions on Iran
Turkey may become one of the eight countries, along with China, India, Japan and South Korea, to obtain waivers on Iranian oil imports from the United States (U.S.), according to a Bloomberg…
Turkey’s Inflation Nears 25% Amid Concerns Over Monetary Policy
Turkey's inflation rate rose to nearly 25 percent in September, as the economy suffers further from the Turkish lira's dramatic fall.
Turkey’s Century-old Official Gazette Switches to Digital due to Rise in Paper…
Turkey's official gazette has been shut down after being published for 98 years because of increasing paper prices, as the currency crisis continues to plague the country, the Sozcu daily…
Turkey Bans Property Rent and Sales in Foreign Currency
President Recep Tayyip Erdogan on Thursday ordered by decree that property agreements must be made in Turkish lira, in a new bid to prop up the beleaguered currency.
Turkey’s Central Bank Hikes Interest Rates Higher Than Expected
Turkey's central bank on Thursday announced a surprizing hike on interest rates, in the face of soaring inflation and plunging lira, shortly after President Recep Tayyip Erdogan criticized…
Fitch Downgrades 4 Turkish Banks Over Increased Risks
The Fitch ratings agency on Tuesday downgraded its assessment of four Turkish banks due to increased risks after the lira's slump and higher chances of a "hard landing" for the Turkish…
IMF Urges Turkey to Pursue ‘Sound’ Economic Policies
The IMF urged Turkish authorities faced with a falling currency and surging inflation to pursue "sound" economic policies to stabilize the situation.