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S&P Global Ratings revised its outlook for Turkey to "negative" from "stable" on Friday, citing vulnerabilities from the country's low policy rates, directed lending and regulatory control on its foreign currency positions and interest rates. ....
Turkish companies facing forex payments will be able to open lira accounts protecting against depreciation without needing to convert foreign exchange, and a central bank source said on Thursday there would no limit on the interest rate offered. ....
The Turkish Central Bank said on Thursday the current monetary policy stance was adequate to support recovery following last month's earthquake by maintaining price stability and financial stability. ....
Big Turkish banks have launched internal stress tests against possible market shocks due to the May elections, and they are preparing for lower profits later in the year as a flurry of previous regulations bite, four industry executives said. ....
The Central Bank of the Republic of Türkiye (CBRT) has reported a net profit of TL 72.02 billion ($3.78 billion) for the year 2022, according to the. ....