United Kingdom

Daren Butler

Turkey's central bank holds rates, shifts focus to 'disinflation'

12 Jun 2019

ISTANBUL Turkey's central bank on Wednesday held its key interest rate steady at 24%, appearing to pave the way for a rate cut soon as it signalled growing confidence that inflation, which hit 15-year highs in October, is on a downward curve.

UPDATE 2-Turkey's central bank holds rates, shifts focus to 'disinflation'

12 Jun 2019

* Inflation eased to 18.7% in May (Adds economist comments, loan package, details)

Russia plans to deliver missiles to Turkey in July; U.S. takes dim view

11 Jun 2019

ISTANBUL/MOSCOW Russia said on Tuesday it plans to deliver its S-400 missile defence systems to Turkey in July, setting the clock ticking on a U.S. threat to hit Ankara with sanctions if it goes ahead with a deal that has strained ties between the NATO allies.

Turkey chafes at U.S. pressure over Russian defences

11 Jun 2019

ISTANBUL Turkey said on Tuesday a U.S. House of Representatives' resolution condemning Ankara's purchase of Russian defence systems and urging potential sanctions was unacceptably threatening.

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.

Turkey says warplanes strike targets in Iraq, 19 militants "neutralised"

30 May 2019

ISTANBUL Turkish warplanes and attack helicopters struck targets in the mountains of northern Iraq, Turkey's defence ministry said on Thursday, adding that the military had "neutralised" 19 Kurdish militants as its operation there entered a fourth day.

Turkish military strikes against Kurdish militants in Iraq

28 May 2019

ISTANBUL Turkey's military dropped commandos on mountain ridges in a new operation against Kurdish militants based over the border in northern Iraq, the defence ministry said on Tuesday.

Kurdish MPs, prisoners end hunger strike in Turkey

26 May 2019

ISTANBUL Several Kurdish lawmakers and thousands of prison inmates in Turkey have ended their hunger strike, heeding a call from jailed militant leader Abdullah Ocalan, MPs said on Sunday, 200 days after the protest was launched.

UPDATE 2-Turkish lira weakens after cenbank repos resume, FX purchase move

21 May 2019

* Lira has lost 37 percent of value since end-2017 (Adds strategist comment, banking watchdog, repo held)

UPDATE 3-Lira slides as Turkey mulls tapping central bank reserves

13 May 2019

* Investors also worried over Istanbul election re-run (Updates numbers, adds details)

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