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Turkey's central bank has cut interest rates from 46% to 43%

Turkey's central bank cuts interest rate to 43%

Turkey's central bank has today lowered its key interest rate to 43%, with the three percentage point cut more than expected by analysts.

Business • 24 Jul

Consumer prices in Turkey rose by 47.1% last month, down from 48.6% in October

Turkish inflation slows to 47.1% in November

Turkey's annual inflation rate slowed for the sixth month in a row in November, official data showed today, as the central bank has kept borrowing costs high to battle price rises.

Business • 03 Dec 24

Turkey's central bank now sees inflation reaching 44% at the end of 2024, up from a previous estimate in August of 38%

Turkey's central bank raises inflation forecast

Turkey's central bank has today raised its inflation forecast for this year and the next, as consumer price increases have slowed less than expected in recent months despite higher interest rates.

Business • 08 Nov 24

Turkey's central bank holds key interest rate steady

Turkey's central bank held its key interest rate steady today but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government.

Business • 25 Apr 24

Near-complete results showed Recep Tayyip Erdogan beating secular opposition challenger Kemal Kilicdaroglu by 4%

Erdogan appeals for national unity as rule extended

Turkish President Recep Tayyip Erdogan has appealed for national unity after winning a historic run-off election that extended two decades of his transformative but divisive rule until 2028.

World • 29 May 23

Turkey's inflation rate slowed for a fifth consecutive month from a high of more than 85% to 50% in March

Turkey's inflation slows to 50% ahead of election

Turkey's annual inflation rate slowed to 50% in March, official data showed today, delivering another boost for President Recep Tayyip Erdogan ahead May elections.

Business • 03 Apr 23

Turkish inflation jumped to a new 24-year high exceeding 83% in September, but could be much higher

Turkey's inflation rate hits fresh 24-year high of 83%

Turkish inflation jumped to a new 24-year high exceeding 83% in September, official data showed today, after the central bank cut interest rates despite surging prices.

Business • 03 Oct 22

Inflation in Turkey soared to 78.6% on an annual basis in June, new figures show today

Turkey inflation hits two-decade high of 78.6% in June

Inflation in Turkey soared to 78.6% on an annual basis in June, the highest level in 24 years, official data showed today, as President Recep Tayyip Erdogan's unconventional economic policies continued to take their toll.

Business • 04 Jul 22

Turkey's consumer price index rose by 69.97% year-on-year in April compared with 61.14% in March

Inflation in Turkey spirals to nearly 70% in April

Turkey's official inflation rate spiralled to nearly 70% in April, data showed today, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil.

Business • 05 May 22

Consumer prices in Turkey surged by 48.7% in January from the same time in January last year

Turkey's inflation surges to near 20-year high of 48.7%

Turkey's annual inflation rate in January reached its highest level since April 2002, official data showed today, after a currency crisis decimated people's purchasing power.

Business • 03 Feb 22

Charles Michel, Recep Tayyip Erdogan and Ursula von der Leyen in Ankara yesterday

Von der Leyen snubbed at EU-Erdogan talks

A diplomatic faux pas that left European Commission President Ursula von der Leyen without a chair as male counterparts took their seats at a meeting with Turkish President Recep Tayyip Erdogan has stirred controversy in Brussels.

World • 07 Apr 21

Turkish police officers stand guard outside a Turkish court in Ankara

Turkish court jails 337 for life over 2016 coup attempt

A Turkish court has jailed 337 former pilots and other suspects for life over a failed bid to oust President Recep Tayyip Erdogan.

World • 26 Nov 20

Russian President Vladimir Putin and Turkish counterpart Recep Tayyip Erdogan shake hands at a press conference

'Relative' calm in Idlib as ceasefire takes effect

"Relative" calm has been reported around the conflict-shattered Syrian region of Idlib soon after a ceasefire between Russia and Turkey came into force at midnight on Friday local time, according to the British-based the Syrian Observatory for Human Rights war monitor said.

World • 06 Mar 20

Emmanuel Macron and Donald Trump pictured in London at NATO leaders gather for a summit

Trump, Macron and Erdogan clash overshadows NATO summit

US President Donald Trump and French President Emmanuel Macron exchanged fire over the future of NATO today, as the French leader attacked Turkey and demanded the alliance rethink its strategy.

World • 03 Dec 19

There have been mounting differences between the US and Turkey

Donald Trump lauds his relationship with Turkish leader

US President Donald Trump has lauded his relationship with Turkish President Recep Tayyip Erdogan after the two leaders met in Washington DC.

World • 13 Nov 19

Aerial view of the Tienditas Bridge on the Colombia border blocked with containers ahead of an anticipated aid shipment

Venezuelan army moves to block aid shipments

Venezuela's opposition leader Juan Guaidó has warned the army of its responsibilities after soldiers blocked a key border bridge, sparking demands from the US to allow access for desperately needed humanitarian aid.

World • 07 Feb 19

SANA said 'a number of enemy targets were downed' by the air defences

Syrian air defences shoot down Israeli missiles

Syrian air defences have shot down Israeli missiles near the capital Damascus on Tuesday, state media reported, while Israel said it was protecting itself from anti-aircraft fire.

Syria • 26 Dec 18

The 2016 coup was an attempt to overthrow Turkish President Recep Tayyip Erdogan

Nearly 2,000 jailed for life in Turkey since 2016 coup

Nearly 2,000 people have been sentenced to life in prison since the July 2016 attempted overthrow of President Recep Tayyip Erdogan, Turkish state media reported today.

Turkey • 18 Dec 18

People demonstrate in front of the Saudi Arabian consulate in Istanbul

Khashoggi order came from 'highest level' - Erdogan

The order to kill journalist Jamal Khashoggi came from the "highest levels" of the Saudi government, Turkish President Recep Tayyip Erdogan has said.

World • 02 Nov 18

Turkey has said that Jamal Khashoggi's murder was planned

Saudi prince says Khashoggi murder is 'heinous crime'

Saudi Arabia's crown prince has denounced the murder of critic Jamal Khashoggi as a "heinous crime", insisting that the kingdom was cooperating with Turkish authorities and "justice will prevail".

World • 24 Oct 18

Jamal Khashoggi went to the Saudi consulate for marriage-related paperwork

Timeline: Erdogan describes how Khashoggi plot unfolded

Turkish President Recep Tayyip Erdogan has described in detail for the first time how the "political murder" of Saudi journalist Jamal Khashoggi was planned and carried out by a team of 15 Saudis.

World • 23 Oct 18

Jamal Khashoggi was murdered some time after entering the consulate on 2 October

Erdogan says 'savage killing' of Khashoggi was planned

Turkish President Tayyip Erdogan has dismissed Saudi Arabia's efforts to blame the killing of journalist Jamal Khashoggi on rogue operatives, calling it a planned, "savage killing".

World • 23 Oct 18

Saudi officials say Jamal Khashoggi left shortly afterwards but Turkish officials and his fiancee, who was waiting outside, said he never came out

Saudi minister says Khashoggi murder claims are 'lies'

Saudi Arabia's interior minister has rejected claims there were orders to kill missing Riyadh critic and journalist Jamal Khashoggi, describing them as "baseless allegations and lies".

World • 13 Oct 18

Russia's Vladimir Putin and Turkey's Recep Tayyip Erdogan shake hands during their meeting

Russia, Turkey agree to demilitarised zone around Idlib

Russia and Turkey have agreed to create a "demilitarised zone" around Syria's rebel-held province of Idlib, Russian President Vladimir Putin said after lengthy talks with his Turkish counterpart Recep Tayyip Erdogan.

World • 17 Sep 18

Turkey's central bank said it was hiking its main interest rate by 625 basis points to 24%

Turkey central bank stuns markets with huge rate hike

Turkey's central bank today surprised markets with a bigger than expected rate hike to battle soaring inflation and boost the lira, prompting the embattled currency to surge in value.

Business • 13 Sep 18