* Lira 8% weaker this year
(Adds analyst comments, graphic, bonds, shares)
ISTANBUL, Sept 2 The Turkish economy contracted
less than expected in the second quarter, 1.5% year-on-year, as
it looks to shake off the effects of a recession brought on by
last year's currency crisis.
for quarterly GDP poll data
ISTANBUL/ANKARA Turkey's economy is expected to shrink in the second quarter, its third straight quarterly contraction as it grapples with the effects of recession, and a Reuters poll on Thursday also pointed to zero growth in 2019 as demand and investment slows.
ISTANBUL, Aug 1 Turkey's lira weakened on
Thursday after the U.S. Federal Reserve cut interest rates by a
quarter percentage point but also signalled that a long easing
cycle was unlikely, which could check a recent rally in emerging
* Lira strengthens after initial drop
(Adds comments, lira update, historical context)
ISTANBUL The Turkish central bank is expected to cut its key interest rate by 250 bps from its current 24% on July 25, a Reuters poll showed on Friday, with dovish comments from the new governor encouraging expectations of a significant reduction.
ISTANBUL Turkey's central bank is expected to make a deeper than previously expected cut in its key interest rate this month after President Tayyip Erdogan dismissed its governor, a Reuters poll showed on Wednesday.
* Investors fear U.S. sanctions after Russian S-400s
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.