Analysis-Turkish lira's long decline a symbol of strife
By Marc Jones and Nevzat Devranoglu
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By Marc Jones and Nevzat Devranoglu
Days before Turkey's runoff presidential election, there is disagreement and uncertainty within Tayyip Erdogan's government over whether to stick with what some call an unsustainable economic programme or to abandon it, insiders say.
ANKARA (Reuters) - The Turkish central bank's net international reserves dropped some $4.45 billion to a 21-year low of $2.33 billion in the week to May 12, as forex demand surged ahead of elections, official data showed on Thursday. | May. 19
ANKARA (Reuters) - The Turkish central bank's net international reserves dropped some $4.45 billion to a 21-year low of $2.33 billion in the week to M...
Turkey's central bank is sticking to its inflation forecast of 22.3% for 2023, Governor Sahap Kavcioglu said on Thursday - less than half of market expectations - even though the decline in inflation has been slower so far than it previously envisioned.