The Turkish Central Bank’s decision to increase the top interest rate 300 basis points to 16.5 percent has brought relief, Turkish Industry and Business Association (TÜS?AD) chair Erol Bilecik has said, warning of a high ...
British Institute of Turkish Affairs
Turkey committed to free market, global governance codes in monetary policies
In order to stem the slide in the Turkish lira, which fell to 4.93 against the U.S. dollar on Wednesday, the Central Bank of the Republic of Turkey (CBRT) raised the late liquidity window by 300 basis points to 16.5 perc ...
Turkey to ‘resolutely’ continue fiscal discipline
Turkey will "resolutely" continue its fiscal discipline, Finance Minister Naci Agbal said on Thursday. "We are resolute in achieving our 2018 budget targets. In this regard, we will take necessary steps," Agbal told Ana ...
Pope Francis: Equating Islam with terrorism ‘foolish’
Pope Francis has slammed untrue claims linking Islam with terrorism, according to local media reports Thursday. According to the ANSA news agency, the pope said the view equating Islam with terrorism is baseless. "It m ...
US president cancels summit with North Korean leader
President Donald Trump on Thursday cancelled a meeting planned for next month with North Korean leader Kim Jong-un that would have marked a historic development between the rival countries. Trump wrote in a letter addre ...
Turkey, US agree to approve roadmap on Syria
Turkey and the United States have agreed to approve a road map on Syria “to avoid potential confrontation” between the two allies, Foreign Minister Mevlut Cavusoglu has said after meeting with the new U.S. Secretary of S ...
Tourism numbers hit all-time high, 5.1M in Q1
Turkey saw a new all-time high in the number of tourists coming to the country in the first quarter, as it welcomed around 5.1 million tourists, Culture and Tourism Minister Numan Kurtulmu? announced Friday. Kurtulmu?, w ...
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