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 the lira and the country’s …
lira
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By Nevzat Devranoglu ANKARA – The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government’s foreign exchange policy …
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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 on the BDDK’s website showed …
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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 to raise interest rates stoke …
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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 a surge in inflation and …
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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 strategy and steps in this …
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By Orhan Coskun and Nevzat Devranoglu ANKARA – A scheme that protects the value of lira deposits has helped Turkey prop up the ailing currency, but payouts from it look …
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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 despite high inflation sent the …
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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 report, with the amount to …
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ISTANBUL -Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a Reuters poll, breaching the 30% level for the first time since 2003 as prices …
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By Ece Toksabay and Tuvan Gumrukcu ANKARA – Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades ago, despite his appeal on …
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ISTANBUL -President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened …
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By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL – The Turkish lira fell as much as 6% on Thursday, extending a four-day slide after last week’s big gains, as the government …
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ISTANBUL – Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a Reuters poll, breaching the 30% level for the first time since 2003 as …
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(Refiles to clarify in headline that market is run by at-risk women) By Umit Ozdal DIYARBAKIR, Turkey -Hazal Tunc and her friends founded Turkey’s first women-only street market eight years …
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By Ebru Tuncay and Ceyda Caglayan ISTANBUL – Turkish banks reacted to the government’s new lira-defence scheme by jacking up loan rates in a race to attract lira deposits, in …
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By Orhan Coskun, Nevzat Devranoglu and Ebru Tuncay ANKARA -Turkey’s state banks aggressively sold dollars this week, boosting a rally in the lira after President Tayyip Erdogan announced a deposit-protection …
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By Ece Toksabay and Tuvan Gumrukcu ANKARA -Measures to protect Turkish lira bank deposits from depreciation amid a currency crisis have achieved their goal, President Tayyip Erdogan said on Wednesday, …
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ISTANBUL – The lira weakened 2.4% to the dollar on Wednesday over prospects for another Turkish interest rate cut the next day, and ahead of a key policy decision by …
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– A wealth management arm of Switzerland’s UBS Group confirmed on Tuesday it will discontinue research coverage of the U.S. dollar-Turkish lira currency pair in an effort to streamline its …
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By Nevzat Devranoglu and Daren Butler ANKARA – Turkey’s lira slid as much as 4% on Tuesday in further volatile trade after tumbling to all-time lows a day earlier on …
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By Ezgi Erkoyun ISTANBUL -Turkish President Tayyip Erdogan appointed a strong supporter of his low interest rate drive as minister of treasury and finance on Thursday, replacing the last top …
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By Ceyda Caglayan ISTANBUL – Some Turks are struggling to buy medicines as the industry warns that stocks are shrinking after an “unsustainable” crash in the lira has pushed up …
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By Saikat Chatterjee and Karin Strohecker LONDON – The Turkish lira suffered a historic 15% fall on Tuesday in a session marked by thin trading volumes and dwindling liquidity, and …
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By Marc Jones LONDON – A big fall in Turkey’s lira is hardly rare these days, but the currency’s precipitous 20% plunge over the last week is ramping up risks …