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June 22, 2023
The lira hit a fresh record low of 24.2 to the dollar, after Turkey's central bank hiked its key interest rate by 650 basis points to 15% in a reversal of President Tayyip Erdogan's low-rates policy. The bank also said monetary tightening will be further strengthened as much as needed in a timely and gradual manner until a significant improvement in the inflation outlook is achieved.
June 22, 2023
* Turkey central bank hikes rates to 15% from 8.5% * Turkish lira hits record low against the dollar * Polish retail sales down * Stocks down 0.2%, FX f...
June 7, 2023
* Weak China data fuels stimulus hopes * Turkey's lira falls sharply to new record low * Hungary's industrial output drops * EM FX muted, stocks up 0.6% ... | 05:03am
May 19, 2023
Banking stocks and sovereign dollar bonds slide for a second day and the cost of insuring exposure to Turkish debt rises further after President Tayyip Erdogan defied expectations in the presidential race
May 19, 2023
Most emerging market currencies on Friday were set for losses at the end of a rollercoaster week that saw the dollar being lifted by optimism over a U.S. debt ceiling deal, while Turkey's lira hovered close to an all-time low seen in the previous session.
May 19, 2023
May 19 (Reuters) – Most emerging market currencies on Friday were set for losses at the end of a rollercoaster week that saw the dollar being lifted by optimism over a U.S. debt ceiling deal, while Turkey’s lira hovered close to an all-time low seen in the previous session. MSCI’s index of EM currencies .MIEM00000CUS was up 0.2% at […]
May 17, 2023
Turkish assets fall again as Erdogan seen extending rule
May 16, 2023
Turkey's sovereign dollar bonds also suffered fresh declines, while data showed the country's home sales fell 35.6% year-on-year in April. Broader emerging market stocks rose for the second straight day, up 0.4% by 0822 GMT, while currencies were flat.
May 16, 2023
LONDON (Reuters) -Turkey's market rout deepened on Tuesday amid investor expectations that President Tayyip Erdogan will be able to extend his rule - and his unorthodox economic policies - into a third decade. | 08:14am
May 16, 2023
By Libby George and Canan Sevgili LONDON (Reuters) -Turkey's market rout deepened on Tuesday amid investor expectations that President Tayyip Erdogan ...