Turkey’s central bank cuts key rate after Erdoğan pleas

Turkey's central bank cut its main interest rate on Thursday after months of pressure from President Recep Tayyip Erdoğan for...

Jobless rate climbs to 12 percent in July as supports end in Turkey

Turkey's unemployment rate rose to 12.0 percent in July from 10.6 percent a month earlier as pandemic-related labor supports expired,...

Turkish lira tumbles over central banker’s comments

The Turkish lira took one of its biggest tumbles of the year on Wednesday over speculation that the central bank...

Turkey fines WhatsApp over data breach

Turkey on Friday joined a host of other countries in fining Facebook's ubiquitous WhatsApp messaging service for failing to sufficiently...

Turkish August inflation tops policy rate level of 19 percent

Turkish annual inflation stood at 19.25 percent in August, official data showed on Friday, above a poll forecast of 18.7...

Turkey’s central bank head tells investors policy will cool inflation: Reuters

Turkey's policy stance, including a 19% interest rate, will secure a decline in inflation in the fourth quarter, the country's...

İstanbul’s inflation rate hits 27-month high

Retail prices in Turkey's largest city and commercial hub of İstanbul rose 1.88 percent month-on-month in August for an annual...

Turkey’s top business group warns against hasty rate cuts, calls for price stability

Simone Kaslowski, a Turkish businessman of Italian origin and president of the Turkish Industrialists and Businessmen’s Association (TÜSİAD), has warned...

US urges Turkey to remove digital services taxes

A senior US government official asked Turkey’s trade minister to ensure Turkey’s compliance with an agreement reached during OECD-led talks...

IMF allocates $6.4 billion in special drawing rights to Turkey

The International Monetary Fund’s (IMF) recent special drawing rights (SDR) program gave Turkey’s foreign currency reserves a $6.4 billion boost...

Turkey keeping an eye on inflation as bank holds key rate at 19 percent

Turkey's central bank said Thursday it was keeping a close eye on rising inflation as it left its key interest...

Turkish July inflation climbs to near policy rate level of 19 percent

Turkish annual inflation hit a fresh two-year high of 18.95 percent in July, official data showed on Tuesday, above a...

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