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Turkish Central Bank sharply cuts interest rates

Turkey’s central bank has cut its benchmark interest rate by 2.5 percentage points, deeper than economists had expected, citing an improving inflation outlook, the Financial Times reported....

Turkey’s central bank governor says recent steps were ‘front loaded’

The head of Turkey’s central bank on Wednesday described recent policy steps as “front loaded,” after the bank slashed its key interest rate by 750 basis...

Turkey’s housing sales increase after 7 months of decline: report

Turkish house sales increased 5.1 percent year-on-year in August after seven consecutive months of declines, official data showed on Wednesday, following the central bank’s move in...

Turkish Central Bank cuts rates by 325 points to 16.5 percent: report

Turkey’s central bank cut its policy rate by 325 points to 16.5 percent on Thursday, roughly as expected, its second marked policy easing in two months...

Turkey will lower interest rates to single digits, Erdoğan says

President Recep Tayyip Erdoğan has said Turkey will soon lower interest rates to single digits and that inflation will follow suit, Bloomberg reported. “We are lowering and...

Turkey’s housing sales fall 17.5 percent year-on-year in July: report

Turkish house sales fell 17.5 percent year-on-year in July, the seventh consecutive month of declines, according to official data released on Tuesday, with an economic slowdown...

Turkey’s central bank dismisses chief economist, department managers: report

Turkey’s central bank has dismissed its chief economist, Hakan Kara, and some department managers, according to a document seen by Reuters, re-igniting concern about political interference...

Interest rates will be lowered further, Turkey’s finance minister says

Turkey will see a downward trend in interest rates in the coming days, the country's finance and treasury minister said on Tuesday, according to the Hürriyet...

Turkey’s central bank lowers interest rates by 425 basis points

Turkey’s central bank sharply cut its key interest rate by a more than expected 425 basis points to 19.75 percent on Thursday to spur a recession-hit...

Reuters poll expects deeper cut in Turkey’s interest rates

The Turkish Central Bank is expected to cut its key interest rate by 250 basis points from its current 24 percent on July 25, a Reuters...

Erdoğan says central bank governor fired for refusing to cut interest rates: report

In a meeting with his party’s deputies Turkish President Recep Tayyip Erdoğan said he sacked the central bank governor for rejecting the government’s repeated demands for...

Erdoğan sacks central bank governor over policy differences: report

Turkish President Recep Tayyip Erdoğan sacked the governor of the central bank on Saturday as differences between them deepened over the timing of interest rate cuts...

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