Turkish economy
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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…
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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…
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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…
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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.…
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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…
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Turkish Government Aims to Spend Its Way Out of Growth Slowdown
EghtesadOnline: Turkey’s government is seeking to overcome an economic downturn fanned by terrorism attacks and a failed military takeover by investing more and expanding budget deficits.
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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…
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Turkey Blowout Bond Sale Shows Some Seeing 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…
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Turkey Cut to Junk as Moody’s Concludes Its Post-Coup Review
EghtesadOnline: Turkey’s sovereign credit rating was cut to junk by Moody’s Investors Service, which concluded a review initiated after an unsuccessful coup attempt on July 15.
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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.
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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.