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Ali Kucukgocmen

Turkey central bank lifts lira by dumping another credit rule

27 Nov 2020

ISTANBUL Turkey's central bank scrapped a rule that had nudged banks to lend cheaply, lifting the lira on Friday with another step to simplify and tighten credit channels after hiking interest rates.

UPDATE 2-Turkey central bank lifts lira by dumping another credit rule

27 Nov 2020

ISTANBUL, Nov 27 Turkey's central bank scrapped a rule that had nudged banks to lend cheaply, lifting the lira on Friday with another step to simplify and tighten credit channels after hiking interest rates.

Turkey's economy expected to grow 4.8% year-on-year in third quarter: Reuters poll

25 Nov 2020

ISTANBUL Turkey's economy is expected to have grown 4.8% year-on-year in the third quarter of 2020, as expectations turned positive after data indicated strong performance, a Reuters poll showed on Wednesday, while GDP is seen remaining flat through the year.

Erdogan says rate hike was bitter but necessary for Turkey

20 Nov 2020

ANKARA/ISTANBUL Turkey's President Tayyip Erdogan said on Friday the central bank's big rate hike a day earlier was bitter but necessary, and his newly-installed finance ministry pledged complementary policies that would help get inflation under control.

UPDATE 2-Erdogan says rate hike was bitter but necessary for Turkey

20 Nov 2020

ANKARA/ISTANBUL, Nov 20 Turkey's President Tayyip Erdogan said on Friday the central bank's big rate hike a day earlier was bitter but necessary, and his newly-installed finance ministry pledged complementary policies that would help get inflation under control.

Turkey's new-look central bank 'decisively' hikes key rate to 15%

19 Nov 2020

ISTANBUL Turkey's central bank ramped up its key interest rate by 475 basis points to 15% and pledged to remain tough on inflation on Thursday, meeting lofty expectations after President Tayyip Erdogan installed a new governor and heralded a new economic approach.

Turning the tide? The Turkish lira's traumatic year

19 Nov 2020

LONDON/ISTANBUL The battered lira was threatening to propel Turkey into full-blown crisis earlier this month, but a change of finance minister and central bank governor and the currency has just enjoyed its best week in nearly two decades.

Turning the tide? The Turkish lira's traumatic year

18 Nov 2020

LONDON/ISTANBUL The battered lira was threatening to propel Turkey into full-blown crisis earlier this month, but a change of finance minister and central bank governor and the currency has just enjoyed its best week in nearly two decades.

Turning the tide? The Turkish lira's traumatic year

18 Nov 2020

LONDON/ISTANBUL The battered lira was threatening to propel Turkey into full-blown crisis earlier this month, but a change of finance minister and central bank governor and the currency has just enjoyed its best week in nearly two decades.

Turkey's cenbank to hike policy rate to 15% in first meeting under Agbal: Reuters poll

17 Nov 2020

ISTANBUL Turkey's central bank is expected to raise its policy rate sharply to 15% this week from 10.25%, a Reuters poll showed on Tuesday, unchanged from last week as more economists predicted the bank would tighten policy through an orthodox channel.

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