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The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5 per cent and eating further into the huge gains made the previous week, as worries persisted over...
The Turkish lira crashed as much as 7 per cent to a new record near 15 to the dollar on Monday, gripped by worries over President Tayyip Erdogan’s risky...
Turkey’s lira hit a record low on Friday as concerns over global inflation, an early election and a possible ratings downgrade marked the latest milestone in a years-long depreciation that...
Turkey’s lira briefly fell 15 per cent to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish Central Bank governor sparked fears...
The Turkish lira plumbed more record lows on Monday, touching 7.6 against the dollar, as expectations grew that the central bank would keep its key interest rate steady this week...
By deploying Turkish troops in the Arab world, the most dangerous man in this region, Turkey’s President Recep Tayyip Erdogan is following the bad example of “the most dangerous man in...
Turkey’s central bank cut its policy rate by 50 basis points to 8.25% as expected on Thursday, taking advantage of recent lira strength to keep supporting an economy that...
Turkey’s relatively low debt levels and experience at riding out financial market turbulence is helping its credit rating withstand the country’s current coronavirus and currency strains, Fitch’s top analyst...
The Turkish lira weakened on Tuesday after the central bank lowered the swap market lira interest rate and held a repo auction for the first time in nearly two weeks,...
Turkey’s Treasury ministry is working on legislation to transfer the central bank’s 40 billion lira ($6.6 billion) in legal reserves to the government’s budget to shore it up, three economic...
