Turkey’s President Recep Tayyip Erdogan said interest rates will fall in 2025 as he once again stated his unconventional belief that lowering interest rates will slow down price increases.

Turkey will increase financial aid, Mr Erdogan said, with a once-off 5,000 liras (S$193) being awarded on the arrival of a ...

The USD/TRY exchange rate continued its uptrend and reached its all-time high amid a potential divergence between the Federal ...

ANKARA, Turkey (AP) — Turkey’s central bank lowered its key ... Most economists argue that higher interest rates help control inflation, but the Turkish leader had fired central bank governors for ...

Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation. The central bank began to raise interest rates last year ...

Turkey's main stock ... as early 2023 declared rates would fall "as long as I am in power" - has said little about the latest monetary tightening cycle. Last month he said, however, that inflation ...

Turkey’s lira is on track to close 2024 with its smallest annual decline since 2020, driven by the authorities’ push for real ...

Turkey's retail sales continued to grow sharply in November and at a slightly slower pace compared to the previous month, the Turkish ...

President Recep Tayyip Erdogan marked the launch of Turkey’s “Year of the Family” with an attack on the LGBTQ+ community and the announcement of measures to boost birth rates ...

ANKARA — Turkey’s Central Bank on Thursday lowered its interest rates by 250 basis points, from 50% to 47.5%, easing the monetary tightening policy of the past 18 months. “The decisiveness regarding ...

Turkey’s central bank cut its policy rate by 250 basis points to 47.5% on December 26.

Turkey's consumer price inflation eased further in December to the lowest level in one-and-a-half years amid a slowdown in costs for ...