ISTANBUL (Reuters) -Turkey's central bank is expected to keep its one-week repo rate unchanged at 19% on Thursday, a Reuters poll showed, even as concerns about possible near-term monetary easing increased after Governor Sahap Kavcioglu's recent comments.
ISTANBUL (Reuters) -Turkish Central Bank Governor Sahap Kavcioglu said on Wednesday the current 19% policy rate is tight enough to bring inflation down in the fourth quarter, suggesting monetary easing is on the way and setting off a plunge in the lira.
ISTANBUL Turkey expects inflation to fall to 16.2% by the end of the year and hit 9.8% by the end of 2022, according to government forecasts published late on Sunday that analysts said were optimistic and showed its emphasis on economic growth over battling high prices.
ISTANBUL (Reuters) -Turkish annual inflation jumped more than expected to 19.25% in August, above the central bank's policy rate https://tmsnrt.rs/2UlsiLe and its highest level in more than two years, according to data released on Friday, maintaining pressure for tight monetary policy.
ISTANBUL The first cancellations from tourists booked onto one of Ozkan Selcuk's cruises off Turkey's southern coast came when the forests near where he takes visitors turtle-watching caught fire.
MILAS, Turkey (Reuters) -Turkey is battling the worst wildfires in its history, President Tayyip Erdogan said on Wednesday, as fires spread to a power station in the country's southwest after reducing swathes of coastal forest to ashes.
ISTANBUL Turkey's central bank raised its year-end inflation forecast to 14.1% on Thursday, bringing it closer to but still below market expectations as the bank's governor predicted inflation would fall significantly in the fourth quarter.
GDP poll data
ISTANBUL, May 6 Turkey's central bank held its
key interest rate steady at 19% as expected on Thursday and
repeated a pledge to keep it above inflation, which the bank
expects to cool after having risen beyond 17% as the lira
ISTANBUL Kebab chef Kadir Oner hoped to boost his new business by accepting payment in cryptocurrencies, but a ban by Turkish authorities will force him next month to fall back on payment methods as traditional as his spit-roasted meat.