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Behiye Selin Taner

Turkish lira weaker after Fed dampens hopes for more U.S. rate cuts

01 Aug 2019

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 market currencies.

UPDATE 2-Turkish central bank slashes rates below 20% in first shift since crisis

25 Jul 2019

* Lira strengthens after initial drop (Adds comments, lira update, historical context)

Turkey central bank seen making deeper rate cut on July 25 - Reuters poll

19 Jul 2019

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.

Turkey cenbank seen making deeper rate cut on July 25 after governor dismissal - Reuters poll

10 Jul 2019

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.

UPDATE 3-Turkish lira hit by central bank governor dismissal, policy worries

08 Jul 2019

* Investors fear U.S. sanctions after Russian S-400s delivery

Turkish central bank's credibility on the wane for a decade -studies

12 Jun 2019

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.

Turkish central bank seen holding rates, though cuts are coming: Reuters poll

10 Jun 2019

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.

Turkish economy shrinks again as currency crisis bites

31 May 2019

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.

Skidding Turkish lira tests central bank's desire for rate cuts

09 May 2019

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.

UPDATE 2-Turkish lira at weakest level in six months on election, U.S. strains

24 Apr 2019

* Central bank expected to keep rates on hold on Thursday (Updates lira value, adds banking index move)

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