Edition:
United States

Nevzat Devranoglu

UPDATE 4-Turkish lira strain shows as London overnight rates soar

Aug 04 2020

ISTANBUL, Aug 4 Interest rates on overnight swaps for Turkey's lira hit 1,050% Tuesday, the highest in more than a year, in an offshore market that Turkish authorities have starved of liquidity as part of a costly effort to boost the currency.

Turkish central bank tells investors inflation will dip soon

Jul 09 2020

ANKARA Turkey's central bank said on a conference call on Thursday that inflation, while up a bit in recent months due to the pandemic, will fall back "over the medium term", according to slides of the bank's presentation and investors on the call.

Record stimulus tightens Turkey's grip on markets as foreigners flee

Jul 09 2020

ANKARA Turkey's response to the coronavirus pandemic, including the central bank's record programme of quantitative easing (QE), has tightened the grip state institutions have on the country's bond market and accelerated the departure of foreign investors.

Turkish day workers pick up from lost months with little support

Jun 17 2020

ANKARA/ISTANBUL, June 17 As Turkey's economy re-opens, millions of informal house cleaners, small retailers and barbers like Ertugrul - who has a shop with two chairs in Ankara - are digging out from months of lost wages with little if any government support.

Government debt held by Turkey's central bank exceeds 10% of its assets

Jun 10 2020

ANKARA, June 10 The share of government debt among the Turkish central bank's assets exceeded 10% this week, data showed on Wednesday, as it continues buying bonds as part of quantitative-easing measures since the coronavirus outbreak.

RPT-POLL-Turkey central bank to cut rates a modest 50-pts to 8.25%

May 21 2020

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

POLL-Turkey central bank to cut rates a modest 50-pts to 8.25%

May 18 2020

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

UPDATE 1-Turkey burning through reserves much faster than in 2019 -bankers

Apr 29 2020

ANKARA, April 29 Turkey's state banks have sold at least $32 billion worth of hard currency so far this year to support the lira, already matching the value of their market interventions in all of last year, bankers' calculations based on central bank data showed.

Turkey burning through reserves much faster than in 2019 -bankers

Apr 29 2020

ANKARA, April 29 Turkey's state banks have sold at least $32 billion worth of hard currency so far this year to support the lira, already matching the value of their market interventions in all of last year, bankers' calculations based on central bank data showed.

Rate-slashing Turkey set to keep blazing trail among EMs

Mar 30 2020

ANKARA, March 30 Turkey is set to keep cutting interest rates to limit the economic impact of a surge in coronavirus cases at home and abroad, leading a monetary easing charge among emerging markets (EMs), comments from central bankers and a top ratings agency show.

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