ANKARA – Turkey’s central bank lowered its key interest rate by a further 2.5 percentage points on Thursday, days after official figures indicated a slowdown in inflation that has eroded households’ ...

Monthly inflation climbed in April following lira volatility Annual inflation stood at 37.86% Arrest of Istanbul mayor in March hit currency ANKARA, May 5 (Reuters) - Turkish monthly inflation climbed ...

ISTANBUL (Reuters) -Turkey's monthly inflation rate is expected to climb to 3.1% in April, driven by energy prices and lira depreciation following the imprisonment of President Tayyip Erdogan's main ...

The Turkish lira was in free fall, inflation was soaring, and economists were warning of a full-scale financial crisis. But instead of raising interest rates like most countries do to fight inflation, ...

President Recep Tayyip Erdogan’s chief adviser, a supporter of the low-interest rates policies which helped drive Turkish inflation over 80% in recent years, has died. A 53-year-old former journalist ...

Turkey's Recep Tayyip Erdogan and U.S. counterpart Donald Trump share a view of interest rates. If the Fed under new management next year gives its employment mandate primacy over price control, ...