turkey central bank

Markets See Possible Turkish Rate Rise in Defiance of Erdogan

By David Dolan and Nevzat Devranoglu ISTANBUL/ANKARA, Nov 24 – Turkey’s central bank could raise interest rates for the first time in nearly three years on Thursday to prop up a stumbling lira currency, a move that would defy President Tayyip Erdogan’s relentless drive for cheaper credit. Twelve of 19 economists polled by Reuters expect

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Turkish Central Banker is Social Scientist with Roots in Islamic Finance

By Asli Kandemir ISTANBUL, April 14 – After winning the backing of President Tayyip Erdogan, Turkey’s new central bank governor must now convince investors that an Islamic banker without formal training in economics can tame inflation while resisting political pressure to cut rates. Turkey’s cabinet on Monday approved Murat Cetinkaya as the next central bank

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