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United Kingdom

Behiye Selin Taner

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)

Turkey plans to move Treasury units to Istanbul - sources

04 Apr 2019

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.

UPDATE 2-Turkish inflation edges up to 19.7 pct in March

03 Apr 2019

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.

UPDATE 4-Turkish lira turns positive; Istanbul slips from Erdogan

01 Apr 2019

* Shares rise 1 percent (Updates lira, adds London swap rates, dollar bonds)

Canary in the coal mine? Credit insurers pare back exposure in Turkey

13 Dec 2018

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.

Turkish central bank seen holding rates steady after inflation eases from 15-year high: Reuters poll

10 Dec 2018

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.

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