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Turkey's central bank cuts its key interest rate to 38% today

Turkey trims key interest rate to 38%

Turkey's central bank said today it had cut its key interest rate to 38% as annual inflation figures slow.

Turkey's inflatio, which exceeded 75% in May 2024 before starting to fall, is now at its lowest level since November 2021

Turkey inflation eases to 31.1% - official data

Turkey's annual inflation slowed in November to 31.1%, down from 32.87% in October, its lowest in four years, official data showed today.

Business • 03 Dec 25

Pope Leo XIV is welcomed by Lebanese President Joseph Aoun upon arrival at Beirut International Airport

Pope takes message of peace to Lebanon

Pope Leo XIV has arrived in Lebanon for a two-day trip where he is expected to bring a message of peace.

World • 30 Nov 25

Pope Leo XIV at the centre of a group of people being led around a mosque

Pope visits Istanbul's Blue Mosque

Pope Leo XIV has visited Istanbul's Blue Mosque on the third day of his trip to Turkey.

World • 29 Nov 25

Wreckage of a plane crash is seen in a field

Turkey says 20 killed in military plane crash in Georgia

Turkey's defence ministry has said that 20 soldiers were killed in the crash of its military aircraft in Georgia yesterday, as inspectors continued to seek clues as to what caused the cargo plane to go down.

World • 12 Nov 25

Inflation in Turkey, which exceeded 75% in May 2024 before starting to fall, is now at its lowest level since November 2021

Turkey inflation eases to lowest level since 2021

Turkish inflation eased slightly in October, reaching 32.87% - its lowest figure in nearly four years, official data showed today after rising for the first time in more than a year the previous month.

Business • 03 Nov 25

Turkey's central bank today lowered its key interest rate for the third time in a row

Turkey cuts key interest rate to 39.5% - central bank

Turkey's central bank said today it had lowered its key interest rate for the third time in a row, in line with analysts expectations.

Business • 23 Oct 25

Turkish inflation accelerated for the first time in over a year in September to hit 33.29%

Turkey inflation ticks up for first time in over a year

Turkish inflation accelerated for the first time in more than year in September, reaching 33.29%, official data showed today.

Business • 03 Oct 25

Turkey's central bank today cut key rates from 43% to 40.5%

Turkey cuts key interest rate to 40.5% - central bank

Turkey's central bank has today lowered its main interest rate by 2.5 percentage points in a cut that exceeded expectations as inflation continued to ease.

Business • 11 Sep 25

Turkey's inflation slowed to 32.95% in August, down from 33.52% in July

Turkish inflation eases to 32.9% in August

Turkish inflation eased further to 32.95% in August, official data showed today, fuelling expectations that the central bank will cut interest rates next week.

Business • 03 Sep 25

Smoke from a wildfire fills the sky as firefighters and Turkish General Directorate of Forestry teams continue their efforts to extinguish it

250 flee as Turkish rescuers battle wildfire in Gallipoli

More than 250 people have been evacuated overnight as a wildfire rages on the Gallipoli peninsula flanking the Dardanelles Strait, where Turkish firefighters are battling to quench the blaze, officials have said.

World • 17 Aug 25

An aerial view of a collapsed building as search and rescue efforts continue following a 6.1-magnitude earthquake occurred in the Sindirgi district of Balikesir, Turkiye

One killed, dozens injured, as quake hits western Turkey

A 6.1-magnitude quake struck Sindirgi in western Turkey, the Turkish disaster management agency (AFAD) said, killing at least one person and injuring dozens more.

World • 11 Aug 25

BURSA, TURKIYE - JULY 28: Flames and thick smoke rise from a wildfire in the Orhaneli district of Bursa, Turkiye, as firefighters battle to bring the blaze under control on its third day on July 28, 2025. Strong winds have hindered containment. (Photo by

Firefighters battle blazes in Turkey, Greece and Albania

Firefighters are battling to put out wildfires in three separate provinces of Turkey, in Greece and near a tourist resort in Albania, stoked by strong winds after days of searing heat across the Mediterranean region.

World • 28 Jul 25

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 25

A huge blaze swept through the Grand Kartal Hotel in the northern mountain resort of Kartalkaya in the early hours of 21 January

32 people on trial over fatal ski resort fire in Turkey

Thirty-two people have gone on trial in Turkey over a fire at a luxury ski resort hotel in January that killed 78 people, including 36 children, local media reported.

World • 07 Jul 25

The latest fire broke out in the municipality of Koropi, around 30 kilometres east of Athens

Greece on high alert as heat and wind fuel fire outbreaks

A new fire has broken out near the Greek capital, Athens, as the country was put on high alert for wildfires due to increased temperatures and strong winds.

Europe • 04 Jul 25

Consumer price rises in Turkey have now eased for 12 months in a row, after soaring to 75% in May last year

Turkish inflation hits lowest level since November 2021

Turkish inflation eased further in May to 35.4%, reaching its lowest level since November 2021, official figures showed today, paving the way for a possible interest rate cut.

Business • 03 Jun 25

Turkey's central bank has hiked its key interest rate to 46% today

Turkish central bank raises interest rate to 46%

Turkey's central bank hiked its key interest rate to 46% today after a month of protests over the arrest of Istanbul's opposition mayor put pressure on the economy.

Business • 17 Apr 25

The protests have prompted a repressive government response that has been sharply condemned by rights groups

Hundreds of thousands join Istanbul protest rally

Waving flags and chanting slogans, hundreds of thousands of anti-government demonstrators have rallied in Istanbul calling for democracy to be defended after the arrest of mayor Ekrem Imamoglu which sparked Turkey's worst street unrest in over a decade.

World • 29 Mar 25

Demonstrators protesting against the arrest of the mayor of Istanbul Ekrem Imamoglu block a boulevard in the Turkish capital Ankara on 22 March

What next for Turkey's opposition protests?

Opposition protests calling for the release of Istanbul's mayor Ekrem Imamoglu, arrested on alleged charges of corruption and supporting terrorism, have continued for ten days. Do the protests have the momentum to continue?

World • 29 Mar 25

Nuri Aslan has been elected an interim mayor of Istanbul following the jailing of Ekrem Imamoglu

Turkey's opposition elects interim Istanbul mayor

Istanbul's opposition-run municipal council has elected an interim mayor to run the city, after mayor Ekrem Imamoglu was jailed pending trial over corruption charges that he and his supporters deny and call politicised.

World • 26 Mar 25

Police have arrested more than 1,100 people, the interior minister said, including ten journalists

Erdoğan claims Turkey protests are 'movement of violence'

Turkish President Recep Tayyip Erdoğan has claimed that protests over the jailing of Istanbul's mayor had become a "movement of violence" and that the main opposition party would be held accountable for injured police officers and damage to property.

World • 24 Mar 25

Turkey has seen widespread protests over the detention of Istanbul's mayor

Jailed Istanbul mayor İmamoğlu says will not bow down

Istanbul Mayor Ekrem Imamoglu has said that he will not bow down after court ruled to jail him pending trial over corruption related investigation.

World • 23 Mar 25

Istanbul Mayor Ekrem İmamoğlu's arrest sparked mass protests in Turkey's worst unrest in more than a decade

Istanbul mayor says allegations are 'immoral, baseless'

Istanbul Mayor Ekrem İmamoğlu has told police the allegations him against that sparked his arrest are "immoral and baseless", he said in a statement.

World • 22 Mar 25

Turks ramped up protests in Instanbul despite a ban on street gatherings

Turks protest, opposition defiant over mayor's detention

Thousands of Turks ramped up protests despite a ban on street gatherings over what they called the undemocratic detention of Istanbul's mayor Ekrem Imamoglu, as the opposition sought to pin the blame on President Tayyip Erdogan.

Turkey • 20 Mar 25