Tag: Merkez Bankasi
Erdogan distorts the economy and creates bubbles
Exchange office in Istanbul The national currency has lost massively in value in recent months. (Photo: imago images/NurPhoto) Istanbul Politicians and the central bank in Turkey are increasingly distorting the…
Turkish central bank cuts key interest rate unexpectedly significantly to 16 percent
Exchange office in Istanbul After the interest rate decision was announced, the dollar and euro rose to 9.4782 and 11.0064 lira respectively – more than ever before. (Photo: Bloomberg) Istanbul…
Turkish lira falls to record low
Turkish currency The Turkish president calls for lower interest rates. (Photo: imago images / NurPhoto) Dusseldorf The expectation of a further interest rate cut by the Turkish central bank is…