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Nevzat Devranoglu

Turkish central bank dismisses chief economist, department managers

09 Aug 2019

ANKARA Turkey's central bank has dismissed its chief economist, Hakan Kara, and some department managers, according to a document seen by Reuters, re-igniting concern about political interference in the institution one month after the sacking of its governor.

Turkey's Albayrak sees more rate cuts; says bank reacts to data

30 Jul 2019

ANKARA Turkish Finance Minister Berat Albayrak said on Tuesday he expects more sharp interest rate cuts from the central bank, which should bring down inflation, and pushed back against investor concerns over government interference.

Turkey's Albayrak says budget deficit-to GDP will be below 3% in 2019

30 Jul 2019

ANKARA Finance Minister Berat Albayrak said on Tuesday that he expected Turkey to post positive growth near its targets in 2019, while acknowledging that the budget deficit-to-GDP ratio will be higher than the government's previous forecast.

UPDATE 2-Turkey's Albayrak sees more rate cuts; says bank reacts to data

30 Jul 2019

ANKARA, July 30 Turkish Finance Minister Berat Albayrak said on Tuesday he expects more sharp interest rate cuts from the central bank, which should bring down inflation, and pushed back against investor concerns over government interference.

UPDATE 1-Turkey's Albayrak says budget deficit-to GDP will be below 3% in 2019

30 Jul 2019

ANKARA, July 30 Finance Minister Berat Albayrak said on Tuesday that he expected Turkey to post positive growth near its targets in 2019, while acknowledging that the budget deficit-to-GDP ratio will be higher than the government's previous forecast.

Turkey to begin moving central bank, Treasury units to Istanbul -sources

26 Jul 2019

ISTANBUL Turkey plans to begin transferring some units of its central bank and Treasury to Istanbul from the capital Ankara by year-end as part of a government effort to boost the city's financial clout, according to three people familiar with the plans.

Turkey's cenbank plans to cut FX reserve requirement upper limit -bankers

27 Jun 2019

ANKARA, June 27 Turkey's central bank plans to decrease the upper limit for the foreign currency maintenance facility within the reserve options mechanism, two bankers told Reuters on Thursday.

RPT-Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting

23 Jun 2019

ANKARA/ISTANBUL, June 22 Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday's re-run election in Istanbul and, days later, a high-stakes meeting between President Tayyip Erdogan and his U.S. counterpart Donald Trump.

Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting

22 Jun 2019

ANKARA/ISTANBUL Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday's re-run election in Istanbul and, days later, a high-stakes meeting between President Tayyip Erdogan and his U.S. counterpart Donald Trump.

Turkey asks local banks to buy its bonds; lenders want 10-year paper -sources

28 May 2019

ANKARA, May 28 Turkey's Treasury has told the country's top banks it expects them to buy more lira-denominated bonds, prompting bankers to ask the government to issue more longer-term debt, two bankers told Reuters on Tuesday.

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