ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to ...

It has lost around 40 per cent of its value this year. Photo by Getty Images Turkey’s central bank raised its benchmark interest rate by the most since Recep Tayyip Erdogan came to power 15 years ago, ...

This month, I visited Turkey for the first time in 10 years, and everywhere I saw the tragedy of what happens when central bank independence is lost. Istanbul now is a shadow of the vibrant city I ...

Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job. While President Recep ...

ANKARA, Turkey (AP) — The work to tame inflation in Turkey — namely through interest rate hikes — will continue “with determination,” the country’s new central bank chief said Thursday ...

ISTANBUL (AP) — Turkey’s central bank raised its key interest rate by 3.5 percentage points on Thursday, halting a three‑month easing streak as it confronts stubborn inflation, financial ...

Turkey’s central bank unexpectedly hiked interest rates by 500 basis points to 50 per cent on Thursday, citing a deteriorating inflation outlook and pledging to tighten even further if it ...

ISTANBUL - Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for hiking interest rates and promising tighter monetary policies.

Trading volumes of dollar-denominated Turkish sovereign bonds have surged to their highest in almost two years as hopes of a shift to monetary orthodoxy stirred investor interest before a central ...

ISTANBUL, April 13 (Reuters) - Ziraat Bank, Turkey&aposs largest state-run lender, is planning an Islamic bank, known locally as a "participation bank", and would consider going into partnership with ...

Turkey’s central bank raised its key interest rate by 3.5 percentage points on Thursday, halting a three‑month easing streak as it confronts stubborn inflation, financial turbulence following ...