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United States

Nevzat Devranoglu

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Aug 13 2018

Turkish lira pulls back from record low, markets rattled

ISTANBUL/ANKARA Turkey's lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown caused further unease on global markets. | Video

Aug 13 2018

Turkey's central bank to provide lira liquidity at 19.25 percent if needed - bankers

ANKARA Turkey's central bank will meet banks' lira liquidity needs at a higher cost than its benchmark policy rate, four bankers with knowledge of the matter said on Monday -- a possible step towards tightening monetary policy using an interest rate corridor rather than a rate hike.

Aug 09 2018

Turkey's lira sell-off: What's a central bank to do?

ANKARA Concerns about President Tayyip Erdogan's grip on monetary policy and worsening relations with the United States have sent Turkey's lira <TRYTOM=D3> into free-fall.

Jul 20 2018

Turkish central bank seen hiking main rate by 100-125 basis points as inflation spikes: Reuters poll

ANKARA Turkey's central bank is likely to lift interest rates at its meeting next week, with a 100-125 basis point increase in its policy rate seen as most probable, after inflation hit a 14-year-high in June, a Reuters poll showed on Friday.

Jul 12 2018

Turkish lira hits record low after Erdogan interest rate comments

ISTANBUL Turkey's lira weakened to a record low of 4.9767 against the dollar in overnight Asian trade before trimming losses on Thursday, hit by worries about economic management and monetary policy under Tayyip Erdogan's stronger executive presidency.

Jun 26 2018

Erdogan wins sweeping new powers after Turkish election victory

ANKARA Turkish President Tayyip Erdogan won sweeping new executive powers on Monday after his victory in elections that also saw his Islamist-rooted AK Party and its nationalist allies secure a majority in parliament. | Video

May 28 2018

Turkey central bank says to return to single rate, lira rallies

ANKARA Turkey's central bank said on Monday it would return to using the one-week repo rate as its benchmark, the latest move by authorities to reassure investors about the direction of monetary policy and give the ailing currency a boost.

May 25 2018

Turkish lira volatile, central bank moves to help firms on foreign debt

ISTANBUL Turkey's lira wobbled in volatile trade on Friday, as investors tried to gauge prospects of another interest rates increase after this week's emergency action by authorities struggling to stabilise the plunging currency.

May 15 2018

Turkey's lira hammered after Erdogan says wants greater economic control

ISTANBUL Investors hammered Turkey's lira on Tuesday, sending it to a record low after President Tayyip Erdogan said he plans to take greater control of the economy after next month's election, deepening concerns about his influence on monetary policy. | Video

Mar 23 2018

Turks seen sticking with forex deposits despite flash sales

ANKARA, March 23 A trend which has seen Turks' holdings of foreign currency rise by $50 billion over the past five years should continue, bankers said, even after local investors sold currency and gold worth $1.3 billion last week as the lira plunged to a record low.

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