Central Bank of Turkey

Turkish Central Bank (TCMB) net foreign currency reserves fell to a seven-year low of $ 7.38 billion on June 17th, according to data released on Thursday. The exchange rate used by Reuters on Thursday to make the…
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Turkish Central Bank (TCMB) net foreign currency reserves fell to a seven-year low of $ 7.38 billion on June 17th, according to data released on Thursday. The exchange rate used by Reuters on Thursday to make the…
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What if inflation has plunged the Turkish population into despair? Even though employees are finding it increasingly difficult to make ends meet amid the country's economic woes, queues at bakeries with free bread are…
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The Turkish pound is again the currency with the worst performance against the dollar so far in 2022. Economists at TD Securities expect the dollar / pound exchange rate to be pushed to 19.00 in the coming weeks.…
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Turkey, along with Tunisia, is one of the countries most exposed to changing global liquidity conditions, the international credit rating agency S&P Global said in a report on emerging market banks. Banks in…
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Attention has been focused on the Turkish pound since late September, as the currency continues to be embroiled in a currency crisis. The Turkish Central Bank (TCMB) failed to intervene at the urging of President…
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The Turkish lira has extended its losses against the dollar to more than 20% this year after the government said it was reluctant to approve interest rate hikes by the central bank to tame inflation faster than 1998.…
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Turkey's inflation rate is expected to have risen to a near 24-year high of 76.55% in May due to high food and energy prices and a weakening pound, according to a Reuters poll published on Monday, while the median…
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The Central Bank of Turkey (TCMB) kept interest rates at 14% at its scheduled meeting at the end of each month. Analysts at Commerzbank had predicted the move, even describing the forthcoming decision as "another…
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Turkey is in a vicious circle of galloping inflation and currency devaluation, said a leading emerging markets analyst as the pound widened its losses against the dollar this year. The pound traded down 1.5% at $…
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