Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s Central Bank is expected to keep interest rates on hold on April 24 despite political pressure for rate cuts, but it may take steps to add liquidity to the market after giving an upbeat view on the economy last week.
The Central Bank head has depicted a darker picture for the course of inflation in the country, saying inflation may be 'decently' above the target of 5 percent by the year-end
Moody's noted that 'turbulent political dynamics' have hit the confidence of investors
Turkey’s first quarter budget performance indicates that the government will ‘easily acquire’ its year-end forecasts, but the tough measures will remain just in case, the finance minister has said
LONDON - Anadolu Agency
PM Erdogan’s recent call for an emergency meeting of the monetary policy committee to cut interest rates has been backed by Goldman Sachs’ former chairman
LUXEMBOURG - Agence France-Presse
The European Union on Monday formally approved a one-billion-euro assistance package to help Ukraine's interim authorities overcome the country's deep financial problems.
MOSCOW - Agence France-Presse
Putin sent a letter to EU leaders, expressing his "extreme concern" over Ukraine's debt for Russian gas
During the ruling AKP era, construction firms have earned huge income from projects. However, these same companies also face serious accusations of committing numerous urban crimes
ANKARA - Anadolu Agency
Turkey’s deputy prime minister in charge of the economy is in Washington to attend the spring meetings of the International Monetary Fund and the World Bank Group
WASHINGTON - Agence France-Presse
Increasingly fickle capital flows mean that countries have to implement domestic reforms to protect their stability
The bank loosened monetary tightening as of Monday to enable overnight interest rates to drop by nearly 2 points following PM Erdoğan's call
Turkey’s current account deficit narrowed to $3.19 billion in February from $4.83 billion a month earlier, indicating a recovery in the Achilles’ heel of the country’s economy.
ISTANBUL - Reuters
Turkish economic growth will slow more than previously expected this year because of higher borrowing costs, a weaker lira and a sharp fall in private consumption
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