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 Istanbul elections.
* 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.
President Donald Trump formally launched his 2020 re-election campaign on Tuesday by presenting himself as the same political insurgent who shook up the Washington establishment four years ago and who is now a victim of an attempted ouster by Democrats.