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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...
Business

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 increase of 18.89 percent,...
Business

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 the authorities against early...
Business

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 by lifting individual digital...
Business

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 on Monday. The SDRs, an...
Business

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 rate unchanged at 19...
Business

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 poll forecast of 18.5...
Business

Turkish central bank keeps rates steady, warns of volatile summer inflation

Turkey's central bank said on Wednesday that inflation could be volatile through the summer due to the easing of coronavirus measures as it kept...
Business

Turkish inflation hits 2-year high with surprise jump to 17.5 percent: report

Turkish annual inflation jumped to a two-year high of 17.53 percent in June, exceeding a forecast of 17 percent and continuing an extended rise...
Business

Tourism lull in 2020 might have cost Turkey’s GDP $93 bln: UN report

The total loss caused by the crash in international tourism to Turkey's GDP in 2020 due to the coronavirus pandemic could be as high...
Business

Turkey holds key rate at 19 percent for third month to help lira

Turkey's central bank on Thursday held its interest rate at 19 percent for the third month, balancing President Recep Tayyip Erdoğan's call for lower...
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