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Turkey’s central bank holds interest rate at 19 percent under new chief

Turkey's central bank on Thursday held its main interest rate at 19 percent in the first decision since President Recep Tayyip ErdoÄŸan sacked its...

Turkey’s unemployment rate rose to 13.4 percent in February

Turkey’s unemployment rate rose to 13.4 percent in February, up 0.7 percentage points from the previous month and increasing by 250,000 since then to...

Turkey’s ErdoÄŸan says determined to see lower interest rates

Turkish President Recep Tayyip ErdoÄŸan on Wednesday again appeared to wade into the Turkish central bank's policies, saying he was "determined" to see interest...

Turkey inflation above 16 percent in test for new central bank chief

Turkey's annual inflation climbed above 16 percent in March for the first time since mid-2019, data showed on Monday, piling pressure on new central...

Turkey’s external debt hits record high of 62.8 pct of GDP in 2020

Turkey's external gross debt stocks, which amounted to $450 billion at end-2020, climbed to a record 62.8 percent of gross domestic product (GDP) at...

Erdoğan sacked top banker for questioning sale of FX under son-in-law’s tenure: report

Turkish President Recep Tayyip Erdoğan dismissed Naci Ağbal as head of Turkey’s central bank just four months after his appointment because he was uneasy...

Turkey’s Ziraat Bank signs $400 mln credit deal with China Exim Bank

Turkish state lender Ziraat Bank has signed a $400 million loan agreement with the Export-Import Bank of China less than a week after the...

ErdoÄŸan replaces central bank deputy governor in latest shake-up

Turkish President Recep Tayyip Erdoğan appointed a Morgan Stanley executive to the central bank’s interest rate setting committee, as the shake-up at the monetary...

Turkey’s new central bank governor says April rate cut shouldn’t be taken for granted

Şahap Kavcıoğlu, the newly appointed governor of Turkey’s central bank, said markets shouldn’t take for granted that he’ll cut interest rates as early as...

ErdoÄŸan urges Turks to put gold, foreign currency in banks to help economy

President Recep Tayyip ErdoÄŸan on Wednesday called on citizens of Turkey to put any foreign currency or gold they keep at home in banks...

Turkish lira, stocks sink after ErdoÄŸan fires top banker

The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip ErdoÄŸan's abrupt dismissal of his...

Turkey tries to calm market turmoil after top banker sacked

Turkish officials on Monday tried to calm the turmoil triggered by President Recep Tayyip ErdoÄŸan's abrupt decision to sack his reformist central bank chief,...

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