Behiye Selin Taner

Turkish inflation rises to 11.8%, window for more rate cuts narrows

Jan 03 2020

ISTANBUL Turkey's annual inflation rate rose slightly more than expected to 11.84% in December, official data showed on Friday, ending the year close to a government target and probably narrowing the window for more interest rate cuts in 2020.

Limited rise in Turkish inflation could prompt sizeable rate cut

Dec 03 2019

ISTANBUL Turkey's annual consumer price index rose less than expected to 10.56% in November, increasing the chances of a sizeable rate cut by the central bank next week, even as inflation rebounded from a near three-year low.

Turkish economy returns to growth, government eyes acceleration in 2020

Dec 02 2019

ISTANBUL Turkey's economy grew 0.9% year-on-year https://tmsnrt.rs/2P6vV18 in the third quarter, breaking three consecutive quarters of contraction as it shook off a recession which followed last year's currency crisis.

UPDATE 1-Turkish lira weakens slightly after Erdogan-Trump meeting

Nov 14 2019

ISTANBUL, Nov 14 The Turkish lira weakened on Thursday after U.S. President Donald Trump pushed President Tayyip Erdogan to walk away from the purchase of a Russian missile defence system, calling it a "very serious challenge" to bilateral ties.

Turkish inflation seen in single digits in October, around 12% by year end: Reuters poll

Nov 01 2019

ISTANBUL Turkey's annual inflation is expected to have remained in single digits for a second consecutive month in October to stand at 8.6%, partly reflecting so-called base effects given high price increases a year ago, a Reuters poll showed on Friday.

Turkish lira firms nearly 1% against dollar after Turkey-U.S. deal on Syria

Oct 18 2019

ISTANBUL Turkey's lira firmed nearly 1% against the dollar on Friday, as the prospect of severe sanctions from the United States waned after Ankara agreed to a ceasefire in northern Syria, raising expectations of a rate cut by the central bank next week.

Trump's light sanctions are a relief for bruised Turkish lira

Oct 15 2019

ISTANBUL The Turkish lira gained on Tuesday after Washington imposed lighter-than-expected sanctions for Turkey's military incursion into Syria, providing some relief even while traders worried that heavier repercussions would follow.

UPDATE 2-Turkish lira slides, but doubt lingers over Trump sanction threats

Oct 14 2019

ISTANBUL, Oct 14 The Turkish lira slid 0.8% on Monday in the face of U.S. and European threats of sanctions and embargoes, though sceptical traders said it would weaken much further if Western allies turned words into action over Turkey's incursion in Syria.

UPDATE 3-Turkish lira tumbles through key level as Syria push begins

Oct 09 2019

ISTANBUL, Oct 9 Turkey's lira slid 0.5% on Wednesday, breaking through what traders called a key support level of 5.85 against the dollar, after Turkey launched a military operation targeting Kurdish fighters in northeast Syrian.

Slowing Turkish inflation gives room for more rate cuts

Oct 03 2019

ISTANBUL Turkey's inflation rate dropped to single figures in September for the first time in more than two years, data showed on Thursday, giving the central bank more room to cut interest rates further.

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