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Tag: turkish central bank

Türkiye’s new central bank chief resigns from Marsh McLennan board
Business

Türkiye’s new central bank chief resigns from Marsh McLennan board

June 19, 2023June 19, 2023

Hafize Gaye Erkan has stepped down as a member of the board of Marsh McLennan, a Fortune 500 agency, after she was tapped final week

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Turkish central bank reverses rule on credit card cash withdrawals
Economy

Turkish central bank reverses rule on credit card cash withdrawals

May 19, 2023May 19, 2023

Türkiye’s central financial institution has rescinded its resolution made this week that mandated banks to carry securities for money withdrawals made utilizing bank cards and

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Interest rate hikes ‘out of question’ for Türkiye: Finance chief
Economy

Interest rate hikes ‘out of question’ for Türkiye: Finance chief

May 10, 2023May 10, 2023

Treasury and Finance Minister Nureddin Nebati mentioned Wednesday that Türkiye would persist with its low-interest charges coverage, the core of the federal government’s financial insurance

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Gold investment in Türkiye reaches ‘phenomenal’ levels in Q1
Economy

Gold investment in Türkiye reaches ‘phenomenal’ levels in Q1

May 5, 2023May 5, 2023

Demand for gold in Türkiye maintains an unprecedented tempo as households proceed to see the favored commodity as a hedge towards inflation pressures. The nation’s

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Turkish central bank keeps key policy rate steady at 8.5%
Business

Turkish central bank keeps key policy rate steady at 8.5%

April 27, 2023April 27, 2023

The Central Bank of the Republic of Türkiye (CBRT) on Thursday stored the one-week repo price, also called the coverage price, fixed at 8.5%, according

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Turkish central bank keeps key policy rate steady at 8.5%
Business

Turkish central bank keeps key policy rate constant at 8.5%

April 27, 2023April 27, 2023

The Central Bank of the Republic of Türkiye (CBRT) on Thursday saved the one-week repo price, also referred to as the coverage price, fixed at

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Deposits under Türkiye’s FX-protected lira scheme hit nearly B
Business

Deposits under Türkiye’s FX-protected lira scheme hit nearly $92B

April 14, 2023

The upward pattern within the quantity of deposits below a government-backed scheme that safeguards Turkish lira deposits from depreciation has reached a brand new report,

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Deposits under Türkiye’s FX-protected lira scheme hit nearly B
Business

Deposits under Türkiye’s FX-protected lira scheme hit record $34.5B

April 14, 2023

The upward pattern within the quantity of deposits below a government-backed scheme that safeguards Turkish lira deposits from depreciation has reached a brand new file,

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Turkish central bank unveils new steps to boost de-dollarization
Business

Turkish central bank unveils new steps to boost de-dollarization

April 7, 2023

Türkiye’s central financial institution introduced on Friday recent steps consistent with its targets to spice up de-dollarization and preserve down Turkish lira authorities bond yields.

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Türkiye scraps rate cap on individuals’ FX-protected lira accounts
Business

Türkiye scraps rate cap on individuals’ FX-protected lira accounts

March 31, 2023March 31, 2023

Türkiye has eliminated the utmost rate of interest restrict for home particular person traders in a government-backed scheme that safeguards Turkish lira deposits from depreciation,

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