Edition:
International

Nevzat Devranoglu

UPDATE 3-Turkish lira hits new low after Erdogan's latest call for rate cuts

Jun 02 2021

* Currency shed 16% since last bank chief ousted in March (Adds cenbank, Citi comments)

Turkey's latest overhaul puts jobs economist at central bank

May 25 2021

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.

Turkish central bank sees year-end inflation at 12%, pledges tight policy

Apr 29 2021

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.

Turkish lira edges back from record low, U.S. ties and rate cuts loom

Apr 26 2021

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.

Turkish lira tumbles 2% on U.S. ties, FX sales worries

Apr 22 2021

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.

Back-to-basics Agbal hopes this time is different at Turkey's central bank

Feb 18 2021

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.

Turkey could discuss easing COVID-19 curbs by region, sources say

Feb 16 2021

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.

In reversal, Turks shed FX holdings for second straight week

Feb 11 2021

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.

Turkey central bank chief Agbal says no rate cuts for long time this year

Feb 05 2021

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.

Exclusive: Turkey central bank chief Agbal says no rate cuts for a long time this year

Feb 05 2021

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.

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