tag Turkish economy

Turkish Lira Jump Proves Short-Lived as Central Bank Effect Ebbs

EghtesadOnline: The Turkish central bank’s unexpected interest-rate increase provided only a fleeting respite for the nation’s beleaguered currency, with the lira’s knee-jerk advance dissipating within hours of the decision to boost borrowing costs.
|
Publish Date:24/November/2016 | 17:11

Turkey Central Bank Unexpectedly Raises Rates on Lira Plunge

EghtesadOnline: Turkey’s central bank unexpectedly raised its one-week repurchase and overnight lending rates for the first time in almost three years, after the lira’s plunge to a record low and its impact on inflation trumped political demands for lower borrowing costs.
|
Publish Date:24/November/2016 | 17:09

Turkish Lira Weakens to Record as Rising Fed Bets Add to Risks

EghtesadOnline: Turkey’s lira depreciated to an all-time low and its stock and bond markets sold off as expectations the U.S. will raise interest rates this year added to concern about the nation’s economic outlook.
|
Publish Date:16/October/2016 | 08:58

Turkish Lira Declines to Record as Rising Fed Bets Add to Risks

EghtesadOnline: Turkey’s lira weakened to a record as deteriorating economic data added to concerns about the nation’s outlook amid rising expectations that the Federal Reserve will boost U.S. interest rates.
|
Publish Date:13/October/2016 | 08:38

Declining Turkish Food Prices Give Central Bank Room to Ease

EghtesadOnline: Turkish food prices showed the biggest monthly drop seen in September, bringing annual consumer inflation to the lowest level in over a year and giving more leeway to monetary policy makers to cut borrowing costs this month.
|
Publish Date:05/October/2016 | 11:40

Turkey Blowout Auction Shows Some See Silver Lining in Junk

EghtesadOnline: For at least one group of bond investors in Turkey, the country’s downgrade to junk at Moody’s Investors Service was a signal to jump in after yields became too attractive to ignore.
|
Publish Date:28/September/2016 | 07:43

Turkish Banks Price in Sovereign Cut to Junk in Loan Renewal

EghtesadOnline: Turkish banks are agreeing to higher funding costs if the country’s credit rating is cut to junk, with the premium paid by some lenders potentially set to rise more than 50 percent.
|
Publish Date:21/September/2016 | 17:54

Turkey Eases Reserves Rules for Third Time Since Failed Coup

EghtesadOnline: Turkey’s central bank lowered reserve requirements for banks, the third time since July’s attempted coup that the regulator has acted to boost lira and foreign-exchange liquidity.
|
Publish Date:07/September/2016 | 09:25