Edition:
International

Jonathan Spicer

Turkish central bank stuns lira with rate cut sought by Erdogan

Sep 23 2021

ISTANBUL (Reuters) -Turkey's central bank unexpectedly cut its policy rate by 100 basis points to 18% on Thursday, delivering stimulus long sought by President Tayyip Erdogan despite high inflation, and sending the lira to near a record low.

Erdogan's waning patience: Four questions for Turkey's central bank

Sep 23 2021

ISTANBUL (Reuters) -Turkey's central bank has begun setting the stage for an interest rate cut long sought by President Tayyip Erdogan, although most analysts don't think it will pull the trigger this week after inflation jumped and the lira took a slide.

Turkish central bank governor hints at rate cut, investors say

Sep 05 2021

ANKARA Turkey's central bank hinted on Wednesday it is nearing an interest rate cut during conference calls in which its governor did not repeat past pledges to keep policy tight relative to inflation, several investors who participated in them said.

Turkey's booming growth cuts both ways as inflation stings

Aug 31 2021

ANKARA Turkey's economy is bouncing back from a pandemic-induced slump with close to 10% growth expected this year as manufacturing and consumption soar, but the boom is feeding into - and in turn being eroded by - double-digit inflation.

Analysis-When Erdogan's Turkish economic miracle began failing

Jul 15 2021

ISTANBUL Five years after President Tayyip Erdogan saw off a coup, his chances of extending his rule into a third decade may depend on whether he can reverse an economic decline that has seen Turks' prosperity https://tmsnrt.rs/2TaYZu5, equality https://tmsnrt.rs/3jhqMnU and employment https://tmsnrt.rs/3x6AXj1 fall since 2013.

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

Turkish mob boss Peker questioned by Dubai police

Jun 14 2021

ISTANBUL Sedat Peker, a convicted Turkish mob boss whose online videos have shaken Turkish politics, was questioned by Dubai police and released after several hours on Sunday, according to his press adviser and a comment by Peker on Twitter.

Erdogan says he and Biden must leave troubles behind at NATO meeting

Jun 14 2021

ISTANBUL (Reuters) -Turkish President Tayyip Erdogan said he and U.S. President Joe Biden must use a meeting on Monday to move on from past troubles, including a bitter dispute over Ankara's purchase of Russian S-400 missiles.

UPDATE 1-Erdogan says he and Biden must leave troubles behind at NATO meeting

Jun 13 2021

ISTANBUL, June 13 Turkish President Tayyip Erdogan said he and U.S. President Joe Biden must use a meeting on Monday to move on from past troubles, including a bitter dispute over Ankara's purchase of Russian S-400 missiles.

Turkish lira hits record low in latest mark of vulnerability

May 28 2021

ISTANBUL (Reuters) -Turkey's lira hit a record low on Friday as concerns over global inflation, an early election and a possible ratings downgrade marked the latest milestone in a years-long depreciation that has dogged the big emerging market economy.

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