Page 20 - Nevzat Devranoglu News Today

TURKEY-CENBANK/AGBAL (NEWSMAKER, PIX):NEWSMAKER-Back-to-basics Agbal hopes this time is different at Turkey's central bank

TURKEY-CENBANK/AGBAL (REFILE, UPDATE 1, EXCLUSIVE, PIX):REFILE-EXCLUSIVE-Turkey central bank chief Agbal says no rate cuts for long time this year

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/exclusive-turkey-central-bank/"></div>ISTANBUL (Reuters) – New governor Naci Agbal does not expect Turkey’s central bank to begin considering cutting interest rates from 17% until much later this year given upward pressure on already high inflation, and rate hikes are still a possibility, he told Reuters. In his first interview since taking the reins three months ago, Agbal [&hellip...

TURKEY-CENBANK/AGBAL (REFILE, UPDATE 1, EXCLUSIVE, PIX):REFILE-EXCLUSIVE-Turkey central bank chief Agbal says no rate cuts for long time this year

By Reuters Staff 1 Min Read FILE PHOTO: People shop at a local market in Fatih district in Istanbul, Turkey January 13, 2021.REUTERS/Murad Sezer ISTANBUL (Reuters) - Turkey’s economy likely grew at a 1.2% rate last year, well above a previous estimate of a 5% contraction thanks in part to surprisingly strong growth in the third quarter of 2020, the International Monetary Fund said on Tuesday. The coronavirus pandemic led to a near 10% GDP contraction in the second quarter of last year before ...

5 Min Read ISTANBUL (Reuters) - Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead. Women shop at a local market in Istanbul, Turkey January 12, 2021. REUTERS/Murad Sezer Parents have switched to discount baby biscuits, the cost of eggs has nearly doubled in a year, and a mock photo is circulating on Twitter in which a man on bended knee offers a woman a can of cooking...

Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead.

5 Min Read ISTANBUL (Reuters) - Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead. Women shop at a local market in Istanbul, Turkey January 12, 2021. REUTERS/Murad Sezer Parents have switched to discount baby biscuits, the cost of eggs has nearly doubled in a year, and a mock photo is circulating on Twitter in which a man on bended knee offers a woman a can of cooking...

President Tayyip Erdogan said on Friday U.S. sanctions over Turkey's purchase of Russian S-400 missiles would be disrespectful to a NATO ally, after sources said Washington was poised to take the step likely to further strain relations.

2 Min Read FILE PHOTO: A man walks towards the entrance of OzdilekPark Shopping Center in the business and financial district of Levent,in Istanbul, Turkey September 8, 2020. REUTERS/Murad Sezer ANKARA (Reuters) -Turkey’s economic confidence index dropped for a second straight month to 86.4 points in December, reflecting a surge in coronavirus cases that brought curfews, weekend lockdowns and restaurant closures, according to official data on Tuesday. The index declined 3.5% month-on-month, t...