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Lira depreciation

Turkish inflation climbs to near 20 percent amid interest rate cuts

Turkey's annual inflation rate rose to its highest in more than 2-1/2 years in October, data showed on Wednesday, as the central bank, under...

Turkish central bank keeps interest rates steady despite weakening currency

Turkey’s central bank held its benchmark interest rate steady as expected on Thursday despite the lira hitting record lows this week, and it paved...

As lira stumbles, central bank says closely monitoring financial markets

After a plunge in the Turkish lira last week, Turkey’s central bank issued a statement on Monday saying that it has been closely monitoring financial markets...

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