Edition:
International

Ezgi Erkoyun

Turkish cenbank to keep rates steady despite dovish messages

12:45am EDT

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.

Turkey cenbank chief says policy is tight enough; lira slides

Sep 08 2021

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.

Turkey optimistic inflation will drop below 10% by end of 2022

Sep 06 2021

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.

Turkish inflation jumps above policy rate to 19.25%

Sep 03 2021

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.

Turkey's wildfires hit hopes for tourism rebound

Aug 06 2021

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.

Turkish wildfires are worst ever, Erdogan says, as power plant breached

Aug 04 2021

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.

Turkish central bank lifts 2021 inflation forecast, sees Q4 fall

Jul 29 2021

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.

POLL-Turkey's economy to grow 5.5% in 2021 amid tougher inflation battle

Jul 09 2021

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRGDPAP GDP poll data

UPDATE 2-Turkish central bank sticks to high interest rates after inflation rise

May 06 2021

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 depreciated.

No more kebabs for bitcoins as Turkey's crypto-payment ban looms

Apr 28 2021

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.

World News