Turkey had launched the programme to reverse the effects of Erdogan's unorthodox views that interest rates cause inflation.

BRIAN CHEUNG: Well, time now for our Chart of the Day and we are talking about inflation, well, in Turkey where it's ... the surprise decision to cut interest rates from 14% to 13%, which by ...

Turkey’s central bank hiked its key interest rate by a surprisingly large 7.5 percentage points to 25% Thursday, signaling a new determination to address rebounding inflation as part of a ...

ANKARA, Turkey — Turkey’s central bank lowered its key interest rate by a further 2.5 percentage points on Thursday, days after official figures indicated a slowdown in inflation that has ...

Turkey’s $1.2 trillion economy slowed by more than analysts expected in the second quarter, highlighting the impact of higher borrowing costs. Gross domestic product grew by 2.5% year-on-year ...

Turkey’s central bank lowered its key interest rate by 2.5 percentage points on Thursday, its third consecutive cut, reacting to a slowdown in inflation in the country. Turkey lowered its ...

Turkish President Tayyip Erdogan on Friday vowed to continue his opposition to interest rates, while saying Ankara was ...

ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to ...

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