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Economists expect Turkey’s central bank to hike interest rates at tomorrow’s meeting

At a scheduled meeting of the Turkish Central Bank’s (TCMB) Monetary Policy Committee tomorrow, following presidential and parliamentary elections last month, economists expect a...

Fitch downgrades Turkey’s already ‘junk’ rating

Ratings agency Fitch on Friday downgraded its already “junk” rating on Turkey’s sovereign debt, citing a widening current account deficit, a jump in inflation...

Moody’s highlights concern about Turkey central bank independence

Amid debates on new Turkish cabinet appointed by President Recep Tayyip Erdoğan, ratings agency Moody’s highlighted concern about the independence of the Turkish central...

Stocks and bonds slide as Turkish lira approaches 2-week low

Turkey’s stocks and bonds slid for a second day and the lira approached a two-week low amid growing investor unease over President Recep Tayyip...

Turkish inflation hits 15.39 percent in June, highest since 2004

Turkish consumer price inflation jumped to a 14-year high in June, official data showed on Tuesday, driving the lira down and putting pressure on...

Turkey starts to talk about snap local elections

After holding early presidential and parliamentary elections on June 24, Turkey is now discussing another snap election at the end of the year. Local elections...

Turkey’s possible downgrade hinges on Erdoğan’s policies, Moody’s says

International credit rating agency Moody’s said on Tuesday that a review on a possible downgrade of Turkey’s sovereign credit rating will hinge on what...

Erdoğan’s sweeping election victory has limited effect on Turkish lira

President Recep Tayyip Erdoğan’s re-election had only a limited effect on the Turkish lira on Monday, despite a sweeping victory. While in the early morning...

Gov’t escalates counterterrorism operations as elections in Turkey approach

The ruling Justice and Development Party (AKP) government has escalated counterterrorism operations in northern Iraq’s Qandil Mountains and Sinjar region, which both host camps...

Turkey’s central bank hikes benchmark rate 125 basis points

The Turkish Central Bank (TCMB) raised its benchmark rate from 16.5 to 17.75 percent on Thursday, a move that was expected following an increase...

Fitch, Moody’s statements are manipulative, speculative, Turkish minister says

Turkish Economy Minister Nihat Zeybekci called recent statements from global credit agencies Fitch and Moody’s “manipulative” and “speculative” during a Justice and Development Party...

Moody’s downgrades forecast for Turkey’s GDP growth to 2.5 percent

Global credit rating agency Moody’s has downgraded its expectations for Turkish gross domestic product (GDP) growth to 2.5 percent this year and 2.0 percent...

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