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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...

IMF sees Turkey growing at 6 percent in 2021: report

Turkey’s economy will grow by about 6 percent in 2021, before settling back to a growth rate of about 3.5 percent annually from 2022,...

Turkey pays nearly $3.5 mln of Somalia’s IMF debt: Official Gazette

The Turkish government has settled a part of Somalia’s debt to the International Monetary Fund (IMF) by allocating nearly $3.5 million to a fund...

Erdoğan trades barbs with former ally Babacan over economy

President Recep Tayyip Erdoğan on Monday traded barbs with his former ally, Ali Babacan, now the leader of the newly founded Democracy and Progress...

No plans for IMF agreement to ease impact of coronavirus, says spokesman: report

Turkey is not planning to make an agreement with the International Monetary Fund (IMF), a presidential spokesman said on Sunday, as the country eyes...

IMF is engaged with all members including Turkey in response to coronavirus: report

The International Monetary Fund remains engaged with all members, including Turkey, as they respond to the new coronavirus pandemic sweeping the globe, IMF Managing Director Kristalian Georgieva...

Erdoğan says former ally Babacan was ‘lover of interest rates,’ took orders from IMF

Turkish President Recep Tayyip Erdoğan has described former Deputy Prime Minister Ali Babacan as a “lover of interest rates” and claimed he took orders from the...

Turkish government criticizes IMF for meeting with two opposition parties

Two Turkish officials on Monday harshly criticized the International Monetary Fund (IMF) for reportedly holding meetings with Faik Öztrak from the main opposition Republican People’s Party (CHP)...

Turkish economy to shrink 2.5 percent in 2019: IMF

The International Monetary Fund (IMF) has released its World Economic Outlook (WEO) report for April 2019 in which it forecast that the Turkish economy would contract 2.5...

IMF slightly cuts growth forecast for Turkish economy: report

The International Monetary Fund (IMF) slightly cut economic growth expectations for Turkey in the next two years in a newly released report, the T24...

Former PM says Turkey spent too much in the past, economy will improve in 3-5 months

Former Turkish Prime Minister Binali Yıldırım, who is now serving as parliament speaker, said on Friday that Turkey spent too much in the past...

Moody’s warns of sharp contraction in Turkey’s economy

Declines in the Turkish lira, one of this year’s worst performers globally, will translate into sharp economic contraction as growth decelerates across advanced and...

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