Turkey’s central bank scraps rule that nudged banks to ramp up cheap lending, a step analysts see as a positive shift.
"We are working on both strengthening our economic policies and raising the bar of democracy and freedoms while easing daily life for our citizens," the Turkish president says.
President Erdogan vows a new era to improve the investment climate in Turkey, in a speech that caused the US dollar to Turkish lira exchange rate to fall below 8.
Turkish Central Bank Chief Naci Agbal said the bank’s “main goal” was to achieve and maintain price stability and that it will “decisively” use all policy tools in pursuit of this aim.
Murat Uysal was appointed governor of the bank in July 2019, after former governor Murat Cetinkaya was dismissed.
Turkey's Finance Minister Berat Albayrak says the country's economy is expected to grow "between -2 percent and +1 percent this year, above the world average."
Experts say such threats are not new to the country and its banking regulator knows how to deal with such unethical financial conduct.
Finance Minister Berat Albayrak says the total value of the support has reached 200 billion lira ($28.7 billion), as coronavirus lockdown endures and death toll rises to 2,600.
The bank lowered its one-week repo rate 325 basis points from 19.75 percent to 16.50 percent.
Yields on benchmark 10-year Treasury notes dropped to their lowest since mid-2016 as the latest salvos in the China-US trade war shook confidence in the world economy and sent investors to the safe harbour of gold.
TRT World's new documentary Until We Take Control: The Story of the Failed Coup In Turkey examines how FETO was able to make inroads into Turkish society with an ultimate aim of power grab.
Most migrants have much more deeply-rooted reasons to leave everything behind and walk towards the unknown.
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