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Turkey’s central bank holds interest rate at 19 percent under new chief

Turkey's central bank on Thursday held its main interest rate at 19 percent in the first decision since President Recep Tayyip Erdoğan sacked its...

Erdoğan sacked top banker for questioning sale of FX under son-in-law’s tenure: report

Turkish President Recep Tayyip Erdoğan dismissed Naci Ağbal as head of Turkey’s central bank just four months after his appointment because he was uneasy...

Turkey’s new central bank governor says April rate cut shouldn’t be taken for granted

Şahap Kavcıoğlu, the newly appointed governor of Turkey’s central bank, said markets shouldn’t take for granted that he’ll cut interest rates as early as...

Turkey tries to calm market turmoil after top banker sacked

Turkish officials on Monday tried to calm the turmoil triggered by President Recep Tayyip Erdoğan's abrupt decision to sack his reformist central bank chief,...

Turkey sacks central bank governor after interest rate hike

Turkey fired the governor of its central bank and replaced him with economist and former ruling party lawmaker Şahap Kavcıoğlu, according to a presidential...

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 registers highest inflation rate since mid-2019 at 15.61 pct in February

Turkish annual inflation rose more than expected to 15.61 percent in February, the highest since mid-2019 according to official data on Wednesday, keeping pressure...

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 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...

Turkish inflation higher than expected at 14.6 percent in December: report

Turkish annual inflation rose more than expected to 14.6 percent in December as food costs jumped, official data showed on Monday, keeping pressure on...

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

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

Turkish finance minister’s record in the spotlight after controversial resignation

Finance Minister Berat Albayrak, the son-in-law of Turkish President Recep Tayyip Erdoğan, quit his job on Sunday, citing health reasons, after his tumultuous two...

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