* Currency shed 16% since last bank chief ousted in March
(Adds cenbank, Citi comments)
ANKARA (Reuters) -Turkey's President Tayyip Erdogan replaced the central bank's fourth policymaker in the last two months on Tuesday, naming a respected labour market economist to its ranks as the country strains to get back to work after the pandemic.
ANKARA (Reuters) -Turkey's central bank responded to a lira slide by raising its year-end inflation forecast on Thursday to 12.2% from 9.4%, and its new governor said tight policy would be maintained until price pressures decline.
ISTANBUL (Reuters) -Turkey's lira rebounded 1.5% on Monday and retreated from near an all-time low as locals took advantage of recent weakness to sell dollars, though concerns lingered over U.S. relations and pending interest rate cuts.
ANKARA (Reuters) -Turkey's lira skidded 2% to its weakest this month on Thursday as traders pulled back ahead of a three-day weekend in which U.S. ties could come under strain, and after President Tayyip Erdogan again defended a costly past FX sales policy.
ANKARA Naci Agbal, Turkey's new central bank governor, began his career as a financial inspector three decades ago. He hopes such devotion to the rules will see him - and the economy - through one of the trickiest turnaround jobs in emerging markets.
ANKARA Turkey's government is considering a plan to ease some curfews and curbs on restaurants and schools in districts where infections are lightest, and cabinet is set to discuss possible details on Wednesday, two officials told Reuters.
ANKARA Turkish locals have trimmed their holdings of hard currencies for a second straight week to below $233 billion, edging further away from a record high and raising the prospect that a long-term dollarization trend may be turning around.
ISTANBUL The new governor of Turkey's central bank, Naci Agbal, said he does not expect it to begin considering cutting interest rates from 17% until much later this year given upward pressure on already high inflation.
ISTANBUL New governor Naci Agbal does not expect Turkey's central bank to begin considering cutting interest rates from 17% until much later this year given upward pressure on already high inflation, and rate hikes are still a possibility, he told Reuters.