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Friday, August 23, 2019
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    Turkish lira beats peers as locals get maxed out on dollars

    Turkey’s lira is beating its peers in emerging markets after locals lost their appetite for foreign currency, Bloomberg reported. The change in behavior has helped the lira buck the...

    Turkish banks should cut interest rates, top business group says

    A leading Turkish business group called on banks to cut interest rates on loans after the central bank slashed borrowing costs. State-run lenders have already reduced their loan...

    Turkey Told Bankers It May Exceed Targets for Borrowing, Deficit

    Turkish officials told bankers that the government is set to exceed its targets on new debt and the budget deficit, according to people with direct knowledge of the...

    The perfect consistency in Turkey’s troubled economy

    Recent economic figures on Turkey show a clear positive correlation between the rule of law and economic growth. This means that a country with higher legal standards,...

    Turkish president orders speeding up nuclear power plant projects

    Turkish President Recep Tayyip Erdoğan in a directive requested from relevant public institutions to immediately complete the works needed for the ongoing nuclear power plant projects in...

    Former Turkish banker at US airport for repatriation

    After his release from a federal U.S. prison last week, a former Turkish banking executive has been transferred Tuesday to New York's JFK airport for repatriation to...

    AKP breakaway party will prioritise economic reforms, relations with West

    A long awaited new political party headed by former ranking officials of the ruling Justice and Development Party (AKP) will prioritise economic reforms and seek to mend...

    Turkish business group warns against meddling in central bank policy

    An association of Turkey’s biggest firms called for tight monetary and fiscal policy two days after President Recep Tayyip Erdoğan sacked the central bank’s governor for failing...
    Naci Ağbal

    Former Turkish finance minister may replace Albayrak in shakeup

    Former Turkish Finance Minister Naci Ağbal may return to the job in a shakeup of the cabinet, Cumhuriyet newspaper reported on Friday. Ağbal, who is preparing for the...

    Turkey’s Central Bank lowers interest rates 425 bps

    The Central Bank of Turkey (CBRT) on Thursday lowered its one-week repo rate 425 basis points. The bank's policy rate -- also known as one-week repo rate --...
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