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Tuesday, September 13 2011 , Your time is 15:58:00
Recent developments indicate the resilience of the Turkish economy and supportive fiscal and macro-prudential policies have mitigated the downside risks on economic activity, Central Bank Governor Murat Çetinkaya said April 20.
Moody’s Investors Service has taken rating actions on 17 Turkish banks, changing the ratings outlook from stable to negative on 14 of the lenders.
The Central Bank has taken another tightening step, hiking the cost of funds from its ‘late liquidity window’ while leaving conventional policy rates on hold to ease the inflation rate
ANKARA – Anadolu Agency
The new Çanakkale 1915 Bridge in northwestern Turkey will usher in a new era for the martyrs who vanquished their enemies 102 years ago in Çanakkale, President Recep Tayyip Erdoğan said March 18 at a Martyrs’ Memorial Day ceremony that marked the 102nd anniversary of the Çanakkale Naval Victory
WASHINGTON - Reuters
The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.
BEIJING - Reuters
The World Bank’s newly appointed chief executive gave a spirited defense of globalization during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away.
Turkey’s red meat association has ordered a consignment of prize Dutch cattle to be sent back to the Netherlands, saying it no longer wants to farm the cows due to the diplomatic crisis between the countries.
Ratings agency Moody’s late on March 17 cut its outlook on Turkey’s rating to “negative” as risks to the country’s credit profile have “risen materially” in recent months
Turkey’s budget showed a deficit of 6.8 billion Turkish Liras ($1.82 billion) in February due to a rise in expenses, Finance Minister Naci Ağbal has said, adding that budget developments were in line with targets
Turkey has been implementing a liberal foreign trade policy in full accordance with rules of the World Trade Organization (WTO) as opposed to some reports in the media about Russian goods, according to Ministry of Economy on March 17.
Turkey’s unemployment rate hit 12.7 percent in December 2016, the highest since March 2010, while youth unemployment stood at 24 percent, official data from the Turkish Statistics Institute (TÜİK) showed on March 15
U.S. President Donald Trump’s budget proposal has triggered a stiff debate both in the country and in the global arena, as the Pentagon is set to become a major winner while the State Department and federal programs are in line for steep reductions.
Deputy Prime Minister Nurettin Canikli has said he expects Turkey to grow more than 4 percent this year, after 3 percent last year, while the inflation rate will close the year at around 7.5 percent.