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Opposition slams Erdoğan for latest central bank reshuffle via midnight decree

Turkish President Recep Tayyip Erdoğan has been harshly criticized by senior opposition figures for once again carrying out a reshuffle of the Turkish Central...
Business

Exchange offices to object to regulations stripping lira sellers of anonymity

Turkey’s exchange offices are preparing to file a formal objection to recently issued regulations that require money changers in the country to record the...
Business

Turkish lira hits record low as Erdoğan sacks central bankers

The Turkish lira sank to a record low against the US dollar on Thursday after President Recep Tayyip Erdoğan fired three central bank members...
Business

Turkish lira hits record low against US dollar

Turkey’s lira dropped to a record low on Monday, standing at 9.0178 against the US dollar at 1700 GMT. A stronger US dollar weighing on...
Business

Erdoğan promises to open 1,000 supermarkets to combat high prices

Amid declining support for his party in the face of double-digit inflation, Turkish President Recep Tayyip Erdoğan said on Sunday that agricultural cooperatives have...
Business

Turkish inflation rises to 19.6 percent after surprise rate cut

Turkey's annual inflation rose to 19.58 percent in September, its highest in two-and-a-half years, data showed on Monday, pushing real yields further into negative...
Business

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 it to lower rates,...
Business

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, according to data on...
Business

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 was about to cut...
Business

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 protect user data, Agence...
Business

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 percent and the central...
Business

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 central bank chief told...
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