Smaller-than-expected Turkey rate hike hits lira, bonds
LONDON (Reuters) – Turkey’s new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first rate meeting on Thursday, sending …
lira
Turkish lira on slow slide in search of FX relief
By Nevzat Devranoglu ANKARA – The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about …
Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms
ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published …
Timeline- Turkey caught in a spiral of lira crises
By Karin Strohecker (Reuters) – Turkey’s lira has lost nearly a quarter of its value this year as soaring inflation and the central bank’s reluctance …
Turkey’s lira, bonds extend decline on inflation, rate cut concerns
By Nevzat Devranoglu ANKARA -Turkey’s lira tumbled more than 2% against the U.S. dollar on Wednesday and its bonds dropped sharply as worries grew over …
Turkish cenbank acts to boost use of lira assets as collateral -bankers
ISTANBUL – The Turkish central bank has taken steps to increase the weight of lira-denominated assets in the collateral system as part of its currency …
Lira deposit scheme payouts loom as Turkey juggles finances
By Orhan Coskun and Nevzat Devranoglu ANKARA – A scheme that protects the value of lira deposits has helped Turkey prop up the ailing currency, …
Turkey gets $3 billion in first dollar debt sale since lira crash
By Yousef Saba DUBAI -Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since September, before unorthodox rate-cutting …
Turkey’s Ziraat Bank raises capital to 34.9 billion lira
ISTANBUL – The capital of Turkey’s Ziraat Bank will be raised to 34.9 billion lira ($2.57 billion) according to footnotes of the bank’s annual financial …