Central Bank of Turkey

The residents of Istanbul are in despair: Inflation in the city is at 99.9%

The residents of Istanbul are in despair: Inflation in the city is at 99.9%

Inflation in Turkey's biggest city, Istanbul, accelerated to 99.9% last month, according to the city's main business association. Annual price…

7 months ago

The Turkish lira is ‘tumbling’ towards an absolute low

Another Monday has come, another week begins with losses for the Turkish lira on Monday, nearing a record low after…

7 months ago

The cash inflows allowed Erdogan to calm down over the summer

A windfall of foreign capital flowing into Turkey and increased interest in the government deposit scheme triggered by Christmas 2021…

7 months ago

Turkey: Interest rates suddenly cut despite record 80% inflation

Turkey's central bank surprised markets by cutting its key interest rate by 100 basis points, despite inflation running rampant in…

7 months ago

Smuggling and funds abroad: The inflow of money of ‘unknown origin’ in Turkey is at a record

Inflows of $17.5 billion from undisclosed sources covered more than half of Turkey's current account deficit in the first half…

8 months ago

HSBC: Turkish lira may hit 21 per dollar by June 2023

The Turkish lira could reach 21 per dollar by June next year, when the country is scheduled to hold presidential…

8 months ago

Putin’s cash brought breaths to Turkey’s economy: The noose of the bear market is loosening

The return of optimism in global markets is lifting one of the most troubled countries, Turkey. The nation notorious for…

8 months ago

Turkish Lira ‘Slumps’ Slowly and Steadily – Foreign Exchange Reserves Running Out

The Turkish lira fell again on Monday, maintaining a slow slide towards 18 against the dollar, as concerns over the…

8 months ago

BNP Paribas: Turkey’s economy is hanging by a thread

"Turkey's economic situation continues to offer a stark contrast, with resilient growth on the one hand and soaring inflation, dwindling…

8 months ago

Central Bank of Turkey: Interest rates unchanged again – Pound again touches 18 against the dollar

The Interest Rate Committee of the Central Bank of Turkey (TCMB) kept it unchanged for another month, after its meeting…

8 months ago