Tag: Turkish economy

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Istanbul the big winner following Liverpool-Chelsea UEFA Super Cup

Europe kicked off the new football season with its annually held Super Cup –  its equivalent of England’s Charity Shield. Played at the BJK Vodafone Park stadium – the home ground of leading Turkish club Beşiktaş – Liverpool, the winners of the Champions League, took on Chelsea, the holders of the Europa League Cup. Liverpool […]

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Turkey eyes lower interest rates and return to economic growth

Interest rates in Turkey are set to fall further, Finance Minister Berat Albayrak has said, as the country aims to return to economic growth after it was tipped into recession by last year’s currency crisis. Speaking at a press conference on Tuesday, 30 July, the minister said he hoped to see more interest rate reductions […]

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Turkey’s inflation continues to rise, hitting 20.35% in January

Consumer prices continue to push inflation upwards in Turkey. According to figures released by the Turkish Statistical Institute (TÜİK) earlier this week, year-on-year inflation rose by 1.06 to 20.35% in January. It marked a slight increase from December 2018, when inflation stood at 20.3%. There was an average annual increase of 17.16% in consumer prices. […]

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Interest rate hike stabilises tumbling Turkish lira
 

  After weeks of depreciation, the Turkish lira appears to have rallied back, closing at 4.66 against the US dollar on Monday. It follows Turkey’s central bank raising interest rates to try and prop up the embattled currency, which hit a record low of 4.9290 last week. Leading government officials also met with investors in […]