ISTANBUL, Aug 1 Turkey's lira weakened on
Thursday after the U.S. Federal Reserve cut interest rates by a
quarter percentage point but also signalled that a long easing
cycle was unlikely, which could check a recent rally in emerging
* Lira strengthens after initial drop
(Adds comments, lira update, historical context)
ISTANBUL The Turkish central bank is expected to cut its key interest rate by 250 bps from its current 24% on July 25, a Reuters poll showed on Friday, with dovish comments from the new governor encouraging expectations of a significant reduction.
ISTANBUL Turkey's central bank is expected to make a deeper than previously expected cut in its key interest rate this month after President Tayyip Erdogan dismissed its governor, a Reuters poll showed on Wednesday.
* Investors fear U.S. sanctions after Russian S-400s
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)