Page 5 - Nevzat Devranoglu News Today

Turkeys latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if authorities continue to demonstrate that a... -Today at 12:46 pm- MarketScreener

By Nevzat Devranoglu and Karin Strohecker ANKARA/LONDON (Reuters) - Turkey's latest massive interest rate hike has caught the attention of long-scepti...

By Nevzat Devranoglu and Karin Strohecker ANKARA/LONDON (Reuters) - Turkeys latest massive interest rate hike has caught the attention of ...

Turks will get little reprieve from a soaring cost of living this summer as economists expect prices to jump by as much as 8.5% in August, underlining Ankara's challenge as it embarks on a painful path toward more orthodox policies. The sustained inflationary pressure, driven by a lira drop and tax hikes, comes as President Tayyip Erdogan's new finance minister and central bank chief orchestrate a policy U-turn including interest rate hikes that are expected to slow domestic demand. ...

Turkeys latest monetary and fiscal moves are steps in the right direction, though regaining credibility in economic policy remains a challenge, a European Bank for Reconstruction and Development ...

ISTANBUL -Turkeys central bank hiked its policy rate by 250 basis points to 17.5% on Thursday, continuing to reverse President Tayyip Erdogans low-rates policy as it promised more tightening and...

The Turkish central bank introduced 15% required reserves for FX-protected lira deposits, a table published on Official Gazette showed early on Friday. Bankers said the change in...

The Turkish lira weakened more than 2% to a fresh record low against the dollar on Tuesday over market concerns that the central bank might raise interest rates this week by less than previously...

The Turkish budget deficit widened to 219.6 billion lira ($8.37 billion) in June, seven times the deficit a year earlier, data showed on Monday, while state media said institutions had been told to review their expenditures.

ANKARA (Reuters) - The World Bank has approved $450 million in financing for small and medium-sized enterprises in the region of Turkey that was devas...