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Turkish lira loses 20% against dollar this year – No interest rate hikes, says Nebati

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...

Tragic situation in Turkey: Meat became more expensive by 48% in one day – Restaurants cut meat dishes

Bleeding for Turkish society is inflation, which soars uncontrollably. While Turkish Finance Minister Nurettin Nebati is complacent that the Turkish pound has nowhere else to go but to rise, Turkish citizens are forced to cut...

Turkish Finance Minister happy that pound has bottomed out: ‘It has nowhere else to go’

The Turkish pound has reached its lowest point against the dollar, Economy and Finance Minister Nuredin Nebati said with pride. "They expect the dollar to reach 25 or 30 against the pound. Why do this? The Turkish...

Turkish Ministry of Finance: Rising energy prices are accelerating the rise of inflation

Turkish Finance Minister Nuredin Nebati said today that global energy prices were accelerating inflation, but that Ankara would continue to work to reduce it, adding that the recent fall in the pound was within "acceptable" levels....

The Turkish Ministry of Finance expects a reduction in inflation from the summer – A new package of measures is coming

"The burden of inflation will remain for the whole of 2022," Turkish Finance Minister Nurettin Nebati said in an interview with Habertürk. Despite this statement, the Turkish Ministry of Foreign Affairs noted that it expects inflation to...

Turkish Ministry of Foreign Affairs points out the gold that is ‘under the mattress’ – Announces new measures

Turkish Finance Minister Nurettin Nebati will announce on Saturday measures to tackle price increases and bring gold "under the mattress" into the financial system, in a package that includes support from the Credit Guarantee Fund (KGF)....