Edition:
United Kingdom

Nevzat Devranoglu

Turkey central bank lifts lira by dumping another credit rule

27 Nov 2020

ISTANBUL Turkey's central bank scrapped a rule that had nudged banks to lend cheaply, lifting the lira on Friday with another step to simplify and tighten credit channels after hiking interest rates.

UPDATE 2-Turkey central bank lifts lira by dumping another credit rule

27 Nov 2020

ISTANBUL, Nov 27 Turkey's central bank scrapped a rule that had nudged banks to lend cheaply, lifting the lira on Friday with another step to simplify and tighten credit channels after hiking interest rates.

RPT-ANALYSIS-Turkish lira stuck between bullish foreigners, bearish locals

27 Nov 2020

ANKARA/ISTANBUL, Nov 26 Turkey's lira is caught in a tug of war between foreign investors who cheered a big rate rise and government reform promises, and locals who remain cautious and are stocking up on gold and dollars.

Analysis: Turkish lira stuck between bullish foreigners, bearish locals

26 Nov 2020

ANKARA/ISTANBUL Turkey's lira is caught in a tug of war between foreign investors, who cheered a big rate rise and government reform promises and locals who remain cautious and are stocking up on gold and dollars.

Erdogan says rate hike was bitter but necessary for Turkey

20 Nov 2020

ANKARA/ISTANBUL Turkey's President Tayyip Erdogan said on Friday the central bank's big rate hike a day earlier was bitter but necessary, and his newly-installed finance ministry pledged complementary policies that would help get inflation under control.

UPDATE 2-Erdogan says rate hike was bitter but necessary for Turkey

20 Nov 2020

ANKARA/ISTANBUL, Nov 20 Turkey's President Tayyip Erdogan said on Friday the central bank's big rate hike a day earlier was bitter but necessary, and his newly-installed finance ministry pledged complementary policies that would help get inflation under control.

Lira soars as Erdogan promises new economic era in Turkey

11 Nov 2020

ANKARA Turkish President Tayyip Erdogan pledged a new economic growth strategy on Wednesday based on stability, lower inflation and international investment, an abrupt shift in rhetorical gears that sparked an rally of up to 4% by the lira.

UPDATE 6-Lira soars as Erdogan promises new economic era in Turkey

11 Nov 2020

* Erdogan still repeats view that rates cause inflation (Adds Erdogan meeting with investor association, JPMorgan lira comment, updates lira level)

RPT-UPDATE 1-Son-in-law's Instagram resignation hurts Erdogan, Turkish officials say

10 Nov 2020

* Government silence on resignation 24 hours after announcement

Son-in-law's Instagram resignation hurts Erdogan, Turkish officials say

09 Nov 2020

ANKARA The abrupt resignation of Tayyip Erdogan's son-in-law from one of Turkey's most powerful cabinet positions shocked the government and angered some ruling party members who say the nature of his departure damages the president.

World News