Sahav Kavtzioglou

‘SOS’ economists: Turkish pound to reach 19 against dollar in coming weeks

‘SOS’ economists: Turkish pound to reach 19 against dollar in coming weeks

The Turkish pound is again the currency with the worst performance against the dollar so far in 2022. Economists at…

The monetary crisis of the Turkish pound is deepening: Free fall without brakes in 2022

Attention has been focused on the Turkish pound since late September, as the currency continues to be embroiled in a…

Economists estimate: Turkey inflation at 76.55% in May and 63.5% at the end of the year

Turkey's inflation rate is expected to have risen to a near 24-year high of 76.55% in May due to high…

Uncontrollable situation in Turkey: Central Bank forecasts 42.8% inflation at the end of the year

LAST UPDATE 12:36 Turkey raised its year-end annual inflation forecast to 42.8% from 23.2% three months ago, and also sees…

The Central Bank of Turkey will keep interest rates stable

The Central Bank of Turkey (TCMB) is expected to keep its key interest rate unchanged this week, according to information…

Inflation in Turkey is at its highest level since April 2002

Turkey's inflation accelerated to a near 20-year high in January, driven by rising energy prices and pressure from President Recep…

The ‘secret’ interventions of the Central Bank of Turkey keep the pound at 13.5

Turkey's central bank cut its monetary intervention in January, but still spent up to $ 1 billion last week to…

Turkey, UAE sign $ 5 billion foreign exchange deal

The central banks of Turkey and the United Arab Emirates (UAE) have signed an exchange agreement of a nominal size…

The fall of the Turkish pound without brakes: Passed all 17 against the dollar

LAST UPDATE 12:45 At noon on Thursday, the Central Bank of Turkey cut interest rates by another 100 basis points…

Central Bank of Turkey cuts interest rates again – Pound losses widen

The Turkish pound plunged to a new low after the Central Bank (TCMB) decided to cut interest rates again, by…