News Turkey Bank deposits: Turkey revises banks’ reserve requirements to check loan growth
Turkey’s central bank has revised some reserve requirement rules for banks in an effort to keep loan growth in check and encourage conversion of foreign exchange into the local currency.
News Turkey Bank deposits: Turkey Again Refuses To Raise Rates To Fight Record Inflation
Turkey's central bank on Thursday brushed aside an inflation reading that has soared past 60 percent and kept its benchmark interest rate steady for the fourth month in a row.
News Turkey Bank deposits: Turkey Seeks Dollars With 0% Lira Funding, Return Guarantee
(Bloomberg) -- Turkey is working on a plan to attract inflows of hard currency by offering lira funding, free of interest and with a guaranteed 4% return in dollars, to foreign investors willing to park their money for at least two years.Most Read from BloombergFour European Gas Buyers Made Ruble Payments to RussiaPutin Is Losing So Here’s How He’ll Make the War WorseU.S. Economy Posts Surprise Contraction, Belying Solid Consumer PictureStocks Surge Before Amazon Casts Shadow Over Rally: Markets
News Turkey Bank deposits: Turkey’s Trade Deficit Widens Amid Efforts to Attract Hard Currency
Instead of using higher interest rates to make lira assets more attractive, Turkey has introduced a series of unconventional policies to attract hard currency and boost central bank reserves. Deposits ...
News Turkey Bank deposits: Erdogan vows to tame Turkish inflation as scepticism grows
Turkey's lira continued a stable trend on Wednesday, in sharp contrast to a volatile plunge last month, as analysts predicted inflation would soar as high as 50% and the World Bank cut economic growth ...
News Turkey Bank deposits: Digital Banking has Arrived in Turkey With New Regulations
New rules that govern digital banks in Turkey went into effect on Jan. 1, as the concept of branchless banking takes hold in the country.
News Turkey Bank deposits: Turkey inflation back to single digits by mid-2023: finance minister
Turkey's annual inflation rate will be in single digits by the time presidential and parliamentary elections set for mid-2023 are held, Finance Minister Nureddin Nebati said on Saturday. Inflation hit ...
