ANKARA Turkey will on Thursday cut its growth forecasts for this year and next amid a deep currency crisis, although the extent of next year's revision is still being debated by top government officials, sources said.
ANKARA/AMMAN Turkey is reinforcing its military posts inside Syria's rebel-held province of Idlib, Turkish and Syrian rebels sources say, seeking to deter a government offensive which it says would unleash a humanitarian disaster on its border.
ISTANBUL Turkey's central bank is independent of government and will take all necessary steps to combat inflation, Finance Minister Berat Albayrak told Reuters, defending an institution that has not raised its benchmark rate in nearly three months despite a currency crisis.
Istanbul Die von Präsident Recep Tayyip Erdogan kritisierte türkische Notenbank will angesichts der ausufernden Inflation geldpolitisch in die Offensive gehen.
ANKARA Turkey raised natural gas prices on Saturday by as much as 14 percent, two sources said, while the energy regulator announced a similar increase in electricity costs as a deepening currency crisis stokes inflation.
* Erdogan rejects rate hikes, fanning investor fears
(Adds impact of price hikes on inflation)
ANKARA Turkish central bank deputy governor and ratesetter Erkan Kilimci is leaving the bank, three sources familiar with the matter told Reuters on Thursday, two weeks before the bank's monetary policy committee meets to address a slump in the lira.
ANKARA/ISTANBUL The lira slid on Thursday after Turkey accused the United States of waging "economic war" amid a bitter standoff between the NATO allies over the fate of a Christian pastor detained by Ankara.
ANKARA, Aug 23 Turkish President Tayyip
Erdogan's spokesman said on Wednesday remarks by the U.S.
National Security Adviser regarding Turkey's economic situation
were proof that the U.S. administration is targeting a NATO ally
as part of an economic war.
ANKARA, Aug 23 The spokesman for President
Tayyip Erdogan on Wednesday slammed what he said was the United
States' disregard for Turkey's legal process, adding Washington
had made arbitrary comments and demands in the case of a