Interest Rate Hikes Fail to Curb Flight to Foreign Currency
Despite recent rate hikes, the surge in foreign currency deposits continues, driven by political tensions and economic uncertainty following the
Read MoreEconomy news in Turkey
Despite recent rate hikes, the surge in foreign currency deposits continues, driven by political tensions and economic uncertainty following the
Read MoreIn the first quarter of 2024, Turkey saw a dramatic surge in traffic fines, breaking previous records. Traffic violations increased
Read MoreMinister of Treasury and Finance Mehmet Şimşek commented on the inflation expectations data released by the Central Bank of the
Read MoreAfter the Economic Coordination Council (EKK) meeting held in Giresun, Turkey’s Treasury and Finance Minister Mehmet Şimşek spoke to reporters
Read MoreThe second Economic Coordination Board (EKK) meeting of 2025 was held in Giresun, chaired by Vice President Cevdet Yılmaz. The
Read MoreThe American newspaper New York Post, citing reports from Corriere Della Sera and Mirror, has written that Turkey’s largest airport,
Read MoreHere’s a summary in English of the current deposit interest rates and earnings in Turkey as of April 18, 2025,
Read MoreSince June 2023, Turkey has been implementing a new economic program with one clear priority; “reducing inflation”. The reasoning is
Read MoreBased on data released by Central Bank of Turkey The Housing Price Index (HPI) rose by 2.03% monthly and 32.34%
Read MoreThe Central Bank of the Republic of Turkey (CBRT) surprised the markets by raising the policy interest rate from 42.5%
Read MoreThe CBRT raised the policy interest rate by 350 basis points, from 42.5% to 46% for April 2025. This decision
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