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.
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.
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.
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
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.
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.
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.
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.
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
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.