Turkey keeps inflation forecast unchanged at 24%
Turkey’s central bank kept its year-end inflation forecast steady at 24 per cent on Thursday, with Governor Fatih…
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Turkish Lira
Türkiye to keep rates tight as long as needed – Governor
Türkiye’s central bank will take all necessary measures to achieve its year-end inflation target of 24 per cent,…
Turkish lira drops after Erdogan’s rate comments
The Turkish lira was the worst-performing emerging-market currency on Monday, depreciating 0.6 per cent against the…
Turkish banks shift Russia-related transactions to local bank
Almost all Turkish banks are withdrawing from handling transactions related to Russia and Belarus, opting to…
Turkish Isbank expects interest rate cuts in Nov.
Turkey's largest private bank, Isbank, foresees continued challenges in the banking sector until 2025 due to the…
Turkey’s c. bank stops currency support
Turkey's central bank has discontinued another measure aimed at supporting the lira, a move that has faced…
Turkish Lira dips to record low post-election
The Turkish lira fell to a record low of 32.4328 per dollar, a 0.2 per cent drop, following a surprising defeat for…
Turkey to reconsider rate hike
Turkey is reconsidering an interest rate hike, just two months after ending its tightening cycle amid strong demand…
Türkiye resorts on $7bln reserve to keep Lira steady
Turkish central bank resorts to $7 billion worth of reserves during the past two weeks, in a way to stabilize the…
Türkiye’s Swiss gold imports rise in 11-year high
Turkish Swiss gold import has increased to reach 58 tons, recording the highest since at least 2012 in January as…
Turkey’s lira hits record low after massive earthquake
Turkey’s Lira hit a new record low on Monday early trade as the exchange rate fell to 18,85 against the dollar,…
Turkey replaces central bank head as lira sees record lows
Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a…
Lira soars after Turkish central bank hikes rates in a bid to save tumbling currency
The Central Bank of Turkey hiked its benchmark interest rate on Thursday to 24 percent, an increase of 625 basis…
Turkish lira firms against dollar as U.S. standoff drags on
The Turkish lira firmed against the dollar on Friday after weakening in thin holiday trade this week, as a bitter…
Dow jumps over 100 points, snaps 4-day fall as Turkish lira rebounds from record low
U.S. stocks rose on Tuesday as a rebound in the Turkish lira from an all-time low lifted investor sentiment. The…
Euro on back foot with lira, emerging market peers seen vulnerable
The euro stood near a one-year low against the dollar and the Swiss franc on Tuesday, remaining under pressure as…
Euro, lira down, safe haven currencies up on Turkish crisis
The euro was soft near 13-month lows on Monday as a slide in the Turkish lira sparked a sharp sell-off in the South…
Asian stocks fall amid renewed slide in Turkish lira
Asian stocks slid on Monday as investor sentiment took a hit amid the renewed slump in the Turkish lira.
European markets to open lower as Turkey’s deepening economic crisis sparks…
European markets are set to open lower on Monday morning, as investors monitored renewed trade tensions and a…
Euro clobbered on Turkey turmoil as investors scramble for safety
The euro sank to its lowest levels in more than a year on Friday after a report that the European Central Bank…
Dow drops about 200 points as financial crisis in Turkey spooks global markets
U.S. stocks fell on Friday as geopolitical concerns pushed the Turkish lira to a record low against the dollar and…
Pound frail on concerns over no-deal Brexit, dollar steady
The pound stayed fragile on Tuesday after falling to an 11-month low against the dollar overnight on worries over a…
Turkish lira tumbles to a fresh record low following US sanctions
The Turkish lira fell to a new record low overnight following U.S. imposed sanctions relating to the trial of an…
Morgan Stanley: Turkish lira is headed for record lows
Buying the Turkish lira may have been an easy punt after Sunday’s presidential election, but it may be better to…
Turkish lira hits record low against U.S. dollar
The Turkish lira hit record lows in value against the US dollar on Tuesday as investors took fright over an…
Turkish lira and euro edge up, shaking off coup jitters
The Turkish lira surged against the dollar on Monday, partially recovering from its largest one-day drop in nearly…
Turkish lira surges after Erdogan party election win
The Turkish lira surged against the US dollar on Monday after President's Recep Tayyip Erdogan's Justice and…
Turkey’s Markets Rebound After Corruption Scandal Sends Lira Down
Turkey’s markets recovered on Monday from a slide that took the country’s currency to new lows as the government…
Turkey Protests Could Spell Economic Ruin If They Last
Ratings agency Fitch says future police response to ongoing protests will govern Turkey's financial fortunes. With…
Turkish Stocks Dive 10.5% on Fourth Day of Protests
Istanbul's stock exchange (ISE) suffered its biggest one-day loss in a decade as it closed down 10.5 percent lower…
Turkey Issues New Rules For Lira Reserves Held In Foreign Currency
Turkey’s central bank said banks must hold at least 50 percent of the foreign currency they deposit as reserves for…