Turkey's monthly inflation rate is expected to be 2% in May, impacted by higher clothing and fruit prices, with the annual ...

The Turkish Lira (TRY) against the US Dollar (USD/TRY) has experienced a sharp decline in recent trading, closing at 0.0256 ...

In March, the Turkish lira and assets suffered after ... % on a monthly basis and 38.1% annually. The column chart shows Turkey's monthly inflation data since Jan 2024 The central bank tightened ...

Turkey's central bank finally lifted interest rates in September 2018 from 17.75% to 24% to stabilize its currency and curb inflation. More recently, in 2020, the lira has been significantly ...

In fact, the government has already been deploying this strategy, which is the principal reason for its high inflation ... Lira, which lost half of its value against the US dollar between December ...

This has contributed to a more favourable trend in Turkish lira (TL)-denominated import prices along with benign commodity prices, given the large drop in April. Core inflation (CPI-C) rose by 3.3 ...

Retail inflation fell to a nearly six-year low of 3.2% in April, down from 3.34% in March, paving the way for a widely anticipated rate cut by the central bank. But rising core inflation suggests ...

The Turkish lira hit an all-time low against the Euro and the US dollar, trading at nearly 44 lira for one euro and 39 lira for one dollar. Erratic monetary policy, political instability, and external ...

Turkish monthly inflation climbed to 3 per cent in April, data showed on Monday, partly due to a plunge in the value of the lira following the arrest of President Tayyip Erdogan’s main political ...

The Central Bank raised the benchmark interest rate consecutively from 42.5% to 49% in March and April, but it has been deemed insufficient for defending the lira and curbing inflation.

The Berenberg economics team led by Holger Schmieding produced this striking chart, showing how interest-rate expectations are heading in the opposite direction of inflation expectations.