Turkish lira

The Central Bank of Turkey announced a surprising move by raising the one-week repo auction rate (policy rate) by a substantial 500 basis points, elevating it from 35% to 40%. …

Deteriorating external financing, rising inflation, de-anchoring of inflation expectations, political divergence with the West in NATO, and the Turkish central bank inability to alter policy to influence macro developments mean …

The surging cost of living has become a source of pain for the public in Turkey as Erdogan seeks to win next year’s presidential election. The Turkish lira has lost …

ANKARA: Turkish President Recep Tayyip Erdogan appointed a new treasury and finance minister on Thursday after the previous one stepped down as the country’s currency has tumbled to record lows. Erdogan …

ANKARA: Turkish President Recep Tayyip Erdogan appointed a new treasury and finance minister on Thursday after the previous one stepped down as the country’s currency has tumbled to record lows. Erdogan …