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Turkey’s central banker tries to calm market jitters

Turkey's central bank chief on Wednesday tried to quash speculation that he is about to bow to President Recep Tayyip Erdoğan's pressure and cut...

Turkish lira hits all-time low after Erdoğan’s call for interest rate cuts

The Turkish lira hit a record low after Turkish President Recep Tayyip Erdoğan said during a televised interview late on Tuesday that he spoke...

Erdoğan fires central bank deputy governor

Turkish President Recep Tayyip Erdoğan fired one of four central bank deputy governors on Tuesday, according to an overnight presidential decree published in the...

Turkey holds key interest rate at 19 percent

Turkey's central bank on Thursday held its main interest rate at 19 percent while hinting that it may be lowered in the months to...

Erdoğan denies emptying central bank coffers, says $128 billion just changed hands

Turkish President Recep Tayyip Erdoğan on Wednesday publicly defended himself for the first time against charges that he oversaw the illegal depletion of the...

The question that puts Erdoğan on edge: Where’s the $128 billion?

Cevheri Güven The sale of $128 billion in central bank reserves during Berat Albayrak’s time as minister of treasury and finance has become a major...

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 Erdoğan sacked its...

Turkey’s Erdoğan says determined to see lower interest rates

Turkish President Recep Tayyip Erdoğan 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...

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...

Erdoğan 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...

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