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Turkey's government is preparing to boost wages and cut some taxes to support lower-income households that are battling high inflation, according to two senior officials familiar with the plan to tap the country's relatively strong budget. ....
Turkey's central bank governor said on Thursday that addressing the current account deficit was key to tackling price stability and a weak lira, as the bank sharply revised its end-year inflation forecast to more than 18%. ....
Turkey's central bank is straying from its core goal of ensuring price stability and in turn putting financial stability at risk, the head of the country's largest chamber of industry said on Wednesday. ....
The Turkish lira jumped more than 1.5% on Tuesday in its biggest rally since mid-June, recovering from an all-time low a day earlier when Ankara and its Western allies climbed down from a possible full-blown diplomatic crisis. ....
Turkey's three big state banks cut interest rates on Monday on an array of loans by up to 200 basis points, following a surprisingly sharp policy easing by the central bank last week. ....