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ISTANBUL -Turkey's central bank hiked its policy rate by 250 basis points to 17.5% on Thursday, continuing to reverse President Tayyip Erdogan's 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...
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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...