ISTANBUL, June 12 The damage to the Turkish
central bank's inflation-fighting reputation that culminated in
last year's lira crisis has been years in the making, with its
credibility having been progressively eroded over a full decade,
two academic studies have found.
ISTANBUL Turkey's central bank is expected to leave its key interest rate unchanged at 24% this week, though a Reuters poll suggested the first policy change since September was getting closer, with two of 16 economists predicting a cut.
ISTANBUL The Turkish economy shrank sharply year on year for the second straight quarter in early 2019, laying bare the impact of a punishing currency crisis and soaring inflation and interest rates against a tense political backdrop.
ISTANBUL, May 9 The Turkish central bank's
stopgap moves on Thursday to support the lira could prompt it to
reverse course and raise interest rates this year in the face of
a months-long currency selloff and uncertainty over a re-run of
* Central bank expected to keep rates on hold on Thursday
(Updates lira value, adds banking index move)
ISTANBUL, April 4 Several units of Turkey's
Treasury and Finance Ministry are expected to be moved to
Istanbul from Ankara, three sources told Reuters, to support
steps to make the city a financial hub.
ISTANBUL, April 3 Turkey's annual consumer price
inflation rose to 19.71 percent in March, official data showed
on Wednesday, slightly exceeding poll forecasts as food prices
jumped despite unorthodox government efforts to bring them down.
* Shares rise 1 percent
(Updates lira, adds London swap rates, dollar bonds)
ISTANBUL Global credit insurers have cut exposure to some Turkish builders, retailers and other industries, four people familiar with the matter said, in what could be an early warning sign of a spike in bad debts.
ISTANBUL Turkey's central bank is likely to keep its main interest rate on hold at 24 percent this week, a Reuters poll showed on Monday, following a bigger-than-expected decline in November inflation.