He said markets would watch closely what the central bank does at its next policy meeting on April 25. “The central bank will have to raise interest rates... as a result of the weaker lira, which will have negative inflationary consequences,” he added ...
more| 13 Mar 2018 10:45 | Anadolu Agency |
The trade volume was 6.5 billion Turkish liras (approximately $1.75 billion). The U.S. dollar/Turkish lira exchange climbed to 3.8620 as of 5 p.m.
moreTurkey's lira reached a record low against the euro on Thursday and more losses may be in store after Moody's downgraded the country's debt and the central bank recoils from hiking interest rates.
more| 08 Mar 2018 10:41 | Anadolu Agency |
Turkey's benchmark stock index went down 275.36 points to close at 116,567.08 points on Thursday with a 4.6 billion Turkish lira ($1.2 billion) trade volume. Borsa Istanbul's BIST 100 index fell by 0.24 percent, compared to 116,842.44 points at ...
more| 06 Mar 2018 07:30 | Future Currency Forecast |
President Donald Trump's administration announced last week that it would impose tariffs of 25% on imports of steel and 10% on imports of aluminium, igniting fears that his move could spark a global trade war and causing volatility for the GBP/TRY ...
more| 06 Mar 2018 07:18 | The Local Italy |
Turkey fined an Italian citizen nearly €100,000 for trying to illegally smuggle white truffles out of the country, authorities said on Monday.
moreThe Russian rouble dipped 0.3 percent as oil prices drifted lower. Turkey's lira were both steady. Investors are awaiting Wednesday's Turkish central bank meeting after February inflation came in stronger than expected.
more| 06 Mar 2018 01:49 | Daily Sabah |
Turkey expects U.S. to take back weapons handed to PKK-affiliated People's Protection Forces (YPG) in Syria and will discuss the issue in the meeting scheduled for March 8 and 9, Turkish Foreign Ministry Spokesperson Hami Aksoy said Tuesday. President ...
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