ANKARA, July 6 (Xinhua) -- Turkish President Recep Tayyip Erdogan dismissed the country's central bank governor on Saturday, a move that could add to national currency's woes and raise new concerns about the central bank's independence, said experts. Murat Cetinkaya, who drew ire for his r...
ISTANBUL: Turkey’s central bank raised the benchmark interest rate on Thursday for a second time in a row under its new chief. The bank announced after its Monetary Policy Committee meeting that it was raising the one-week repo rate — the rate by which
The accompanying rise in the annual inflation rate to above 10 percent forced Erdogan to reshuffle his economic team and appoint market-friendly former finance minister Naci Agbal as central bank chief last month. The lira managed to claw back about 10 percent against the dollar after the change...
the intervention of United States Treasury Secretary Paul O'Neill in the financial problems of Turkey. Message of O'Neill to the financiers regarding the stock market; Abandonment of the government of Turkey on the exchange rate; Resignation of Gazi Ercel as the country's central bank chief.EBSC...
"While interest rates associated with central bank funding are falling, market and bank-based rates are rising," Enver Erkan, chief economist at Istanbul's Tera Securities, said in a note to investors. "This does not put the current easing policy on a sustainable basis and does not provide...
If a central bank chief went against Erdogan's policy of keeping rates low, they were eventually replaced; by the spring of 2021, Turkey's central bank had seen four different governors in two years. Erdogan's government has instead devised alternative methods to try ...
Chief Business Correspondent In Bristol, reporting on regional business, climate change, AI, tech Ezgi Akin Associate Editor (Turkey) In Ankara, reporting on diplomacy, EU-Turkey ties, NATO Samuel Wendel Senior Market Research Analyst In Washington, DC, reporting on regional business and...
ANKARA, Turkey-- Turkey's central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade anddiplomatic dispute with the United States. ...
Turkey central bank chief warns of new short-term price pressures Fatih Karahan says some of President Recep Tayyip Erdoğan’s policies are complicating task of taming inflation Wednesday, 7 February, 2024 Turkish economy Turkey’s sovereign wealth fund draws strong demand at debut bond sale ...
Talks have broken down in the UK over how AI models can use copyrighted materials. And European banks might be in for a disappointing 2024. Plus, Turkey’s central bank chief has quit just months into the job. Adam Samson It seems like it just reached a critical breaking point where she ...