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Turkey Lowers Main Rate to 47.5% in 1st Cut Since 2023

Turkey begins cutting rates after inflation-fighting drive

Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching an easing cycle meant to leave behind protracted economic turmoil and a cost-of-living crisis.

The Associated Press - Busines… · 1d

Turkey’s central bank lowers key interest rate to 47.5%

Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 47.5%, carrying out its first rate cut in nearly two years as it tries to control soaring inflation.

Bloomberg L.P. · 1d

Turkey Lowers Main Rate to 47.5% in First Cut Since 2023

Turkey’s central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.

Daily Journal · 1d

Turkey lowers interest rate to 47.5 percent

Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation.

Turkey, PKK and pro-Kurdish DEM

Hosted on MSN · 7h

Turkey to allow pro-Kurdish party to visit jailed militant leader

Turkey has decided to allow parliament's pro-Kurdish DEM Party to hold face-to-face talks with militant leader Abdullah Ocalan on his island prison, the party said on Friday, setting up the first such visit in nearly a decade.

Barron's · 8h

Turkey Approves Pro-Kurd Party Visit To Jailed PKK Founder

Turkey has approved a request by the pro-Kurdish DEM party to visit jailed PKK founder Abdullah Ocalan, who is serving life in solitary confinement, the justice minister and a party spokesman said Friday.

AFP on MSN · 8h

Turkey's justice ministry has approved a request by the pro-Kurdish DEM party to visit jailed PKK founder Abdullah Ocalan who is serving life in solitary confinement, a party spokesman said late Friday.

Turkey goes to war with Germany over doner kebabs

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Turkey aims to provide power to Syria, collaborate on oil, gas, newspaper says

Turkey aims to provide electricity to Syria and strengthen its power infrastructure, Energy Minister Alparslan Bayraktar was ...

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Turkey Eyes Role in Reviving Syria’s Oil and Gas Development

Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for ...

2don MSN

Turkey's soaring costs are creating a 'lost generation' of kids forced to help their families get by

In a dim one-room apartment in one of Istanbul’s poorest neighborhoods, 11-year-old Atakan Sahin curls up on a threadbare ...

Hebdo Ahram1h

More than 30,000 Syrians return home: Turkey - as it happened

Turkey's interior minister reported that nearly 31,000 Syrians have returned home since the fall of former president Bashar ...

Al-Monitor6h

Turkey allows pro-Kurdish DEM party to meet with jailed PKK leader Ocalan

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It ...

13h

Turkey’s Baykar Gets Go-Ahead to Buy Piaggio Aerospace

Turkey’s Baykar Makina Sanayi ve Ticaret Anonim Sirketi got a green light from Italian authorities to buy aviation and ...

Middle East Eye12h

'Condemned to hunger': Turkey's below-inflation minimum wage rise sparks anger

Rising rental costs underscore the inadequacies of the new minimum wage, especially since 42 percent of Turks earn just the ...

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Turkey Lowers Main Rate to 47.5% in 1st Cut Since 2023

Turkey, PKK and pro-Kurdish DEM

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