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Moody’s downgrades forecast for Turkey’s GDP growth to 2.5 percent

Global credit rating agency Moody’s has downgraded its expectations for Turkish gross domestic product (GDP) growth to 2.5 percent this year and 2.0 percent...

ÅžimÅŸek reassures global investors in London, softening ErdoÄŸan rhetoric

Turkey’s Deputy Prime Minister Mehmet Şimşek assured global investors in London that the central bank has the freedom to act to defend the Turkish...

Detention warrants issued for 59 Bank Asya customers over alleged Gülen links

The Ankara Chief Public Prosecutor’s Office has issued detention warrants for 59 people who were customers of the now-closed Islamic lender Bank Asya, which...

Lira gains value after central bank simplification announcement

The Turkish lira gained value and firmed to 4.55 against the US dollar after a central bank decision on Monday "to complete the simplification...

Şimşek says Halkbank rumors limited central bank’s effect on Turkish lira

Deputy Prime Minister Mehmet ÅžimÅŸek has claimed that a decision made by the Turkish Central Bank to increase interest rates only had a limited...

Turkey’s finance leaders to meet with foreign investors amid lira’s free fall

Deputy Prime Minister Mehmet Şimşek and Turkish Central Bank Governor Murat Çetinkaya will meet with fund managers and investors on May 28 in İstanbul...

Turkey’s central bank increases interest rates as Turkish lira is in free fall

Following the Turkish lira’s record value loss against the US dollar, policy committee members of Central Bank of the Republic of Turkey (CBRT) held...

Government thinks Turkish lira’s value loss is a plot targeting elections

Deputy Prime Minister and Cabinet spokesperson Bekir Bozdağ made statement on Wednesday concerning the Turkish lira’s record loss in value, claiming the latest deterioration...

Turkish lira hits record low amid concerns over ErdoÄŸan

Turkey’s currency, the Turkish lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the...

Northern Cyprus PM hints at dropping Turkish lira over record value loss

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Tufan Erhürman announced on Tuesday that radical measures for the economy are being considered, hinting that...

Fitch says Erdoğan’s remarks on tightening control of central bank raise risks

International credit rating agency Fitch on Tuesday published a press release on Turkey, arguing that President Recep Tayyip Erdoğan’s remarks last week on Bloomberg...

Famous economist says Turkey’s bankruptcy has already begun

Economist and financial historian Russell Napier argued that Turkey’s bankruptcy has already begun, in a recently published interview with Swiss newspaper Neue Zürcher Zeitung. He...

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