The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation.
The central bank has hiked its main policy rate to 50% from 8.5% to battle high inflation © Mena Today
The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation.
Higher interest rates since June last year have reduced economic imbalances and revived confidence, the IMF said on Saturday, adding that improved market sentiment had prompted foreign and domestic investors to shift into lira-denominated assets.
The central bank has hiked its main policy rate to 50% from 8.5% to battle high inflation. The government raised taxes and some fees to boost income, while implementing fiscal measures to balance risks in the economy.
Reporting by Nevzat Devranoglu
A Turkish court delayed on Monday a decision on whether to oust the main opposition leader and annul his party's 2023 congress over alleged irregularities, in a case that has already deepened the country's political crisis.
Israel’s Foreign Minister Gideon Saar launched a scathing attack on Spanish Prime Minister Pedro Sánchez on Sunday evening, branding him and his government “a disgrace to Spain” after pro-Palestinian demonstrators forced the suspension of the Vuelta cycling race.
Pro-Palestinian protests forced the Vuelta a Espana cycle race to be abandoned at its finale on Sunday, with Danish cyclist Jonas Vingegaard declared winner as police sought to quell demonstrations against an Israeli team's participation.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.