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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,...

Turkey’s central bank hikes main interest rate to 19 pct

Turkey's central bank on Thursday sharply hiked its main interest rate to 19 percent to counter rising inflation and the dropping value of the...

Turkey keeps main interest rate steady at 17 percent

Turkey's central bank on Thursday kept its main interest rate unchanged at 17 percent for the second month in a row to support a...

Turkey’s inflation jumped to 15 percent in January: report

Turkey’s annual inflation rate climbed more than expected to 14.97 percent last month, data showed on Wednesday, driven by energy and food prices and...

Turkey’s central bank keeps main interest rate at 17 percent

Turkey's central bank on Thursday kept its main interest rate steady at 17 percent after two consecutive hikes aimed at slowing down inflation and...

Turkey hikes main interest rate to 17 percent to help bring down inflation

Turkey's central bank on Thursday raised its main interest rate by two percentage points to 17 percent and promised further monetary tightening to help...

What kind of a bureaucrat is Turkey’s new central bank governor?

Turkish President Recep Tayyip ErdoÄŸan on Saturday again replaced the governor of the central bank after a previous ousting only 16 months earlier, appointing...

Erdoğan’s son-in-law steps down as finance minister, citing health reasons

Berat Albayrak, the son-in-law of Turkish President Recep Tayyip Erdoğan, has quit his job as the country’s finance minister, citing health reasons, according to...

ErdoÄŸan replaces head of Turkish Central Bank after lira plunge

Turkish President Recep Tayyip Erdoğan has dismissed the head of the country’s central bank and replaced him with a former finance minister as the...

Fitch downgrades Turkish economy’s outlook to ‘negative’: report

Ratings agency Fitch revised Turkey's outlook to "negative" from "stable" on Friday, citing depleting foreign exchange reserves, weak monetary policy credibility and a sizable...

Turkey’s external assets have shrunk over 10 percent since end of last year: report

Turkey's external assets had shrunk to $227.3 billion at the end of June, decreasing 10.3 percent since the end of last year, the state-run...

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