Turkish central bank cuts key rate to 39.5%, flags inflation risk
The Turkish central bank cut its benchmark, one-week repo rate by 100 basis points to 39.5% on Thursday,…
Türkiye boosts R&D spending by $6.5 billion in 2024
Türkiye boosted its gross domestic expenditure on research and development (R&D) by TL 274.28 billion (around $6.5 billion)…
Turkish central bank seen slowing rate cut pace amid inflation caution
The Turkish central bank is all but sure to slow the pace of its interest rate cuts when…
Türkiye sees foreign direct investment jump 58% in 8 months
Türkiye received $10.6 billion in foreign direct investment (FDI) in the first eight months of the year, marking…
Türkiye’s current account logs record $5.5 billion surplus in August
Türkiye’s current account balance beat estimates as it registered its highest monthly surplus on record in August, official…
Türkiye’s unemployment rate ticks up to 8.5% in August
Türkiye’s unemployment rate rose to 8.5% in August, up 0.4 percentage points compared to the previous month, the…
Turkish economic sentiment improves slightly in September
Economic sentiment in Türkiye improved for the second consecutive month in September, although moderately, to reach its highest…
Türkiye’s economy faces packed October agenda
Türkiye’s economic calendar is set for a busy October, with a string of data and policy releases, from…
Turkish manufacturing activity eases further in September
Türkiye’s manufacturing activity moderated further in September as new orders and output shrank at faster rates, a top…
Türkiye’s gross reserves estimated to have hit new record of $183B
The Turkish central bank’s gross total reserves are estimated to have risen by $4 billion to a record…
Türkiye’s trade deficit narrows by nearly 16% in ‘bright’ August
Türkiye’s foreign trade deficit narrowed by almost 16% in August, official data showed on Tuesday, as a decline…
Türkiye’s annual inflation seen slowing to 32.5% in September
The annual inflation rate in Türkiye is seen slowing down slightly to 32.5% in September, according to two…