Turkish lira

Special Turkish central bank unleashes big interest rate hike in another sign of an economic shift

Turkish central bank unleashes big interest rate hike in another sign of an economic shift

  • The bank’s key interest rate increased by 7.5 percentage points to 25 percent but some experts say it will not enough to ease inflation and end a cost-of-living crisis
  • Turkiye’s currency gained as much as 6% against the dollar after President Recep Tayyip Erdogan followed up the announcement by expressing confidence in his finance team
By MENEKSE TOKYAY ·

Special Lira rebounds on Berat Albayrak’s exit

Lira rebounds on Berat Albayrak’s exit

By MENEKSE TOKAY ·

Turkish president sacks central bank governor

Turkish president sacks central bank governor

By Arab News ·

Turkish lira’s free-fall continues

Turkish lira’s free-fall continues

By Arab News ·