News Turkey Banks: Turkey's central bank surprises with 350-basis-point rate hike
Turkey's central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%. It comes after annual inflation in Turkey came in at 38.1% in ...
News Turkey Banks: Former Central Bank Governor of Turkey, Murat Uysal, Joins CoinTR Exchange
Istanbul, Turkey--(Newsfile Corp. - January 18, 2024) - CoinTR, is pleased to announce that former Governor of the Central Bank of Turkey, Murat Uysal, has officially joined the company's board of directors, effective immediately. Murat Uysal served as Deputy Governor of the Central Bank of the Republic of Turkey from 2016 and later assumed the role of Governor in 2019, making outstanding contributions to Turkey's monetary policy and financial stability during his tenure.Murat UysalTo ...
News Turkey Banks: Turkey’s inflation problem is so severe the central bank just hiked interest rates to 50%, months after it said it was done raising rates
“The decision to respond so quickly...is clearly a very encouraging signal for the policy shift and should help to maintain investor confidence,” Capital Economics’ Liam Perch wrote in a Thursday note.
News Turkey Banks: Turkey gets a foreign bank makeover
ONCE UPON A time the Turkish banking sector was exactly that – almost entirely Turkish in character. In the 1980s there were only a few foreign banks in the country’s financial services sector, which ...
News Turkey Banks: Turkey's central bank raises interest rate less than expected, to 17.5%
Turkey's central bank on Thursday hiked its key interest rate by 250 basis points to 17.5%, coming in below analyst forecasts. "Terrible decision and I think a mistake. Again under-delivering," one ...
News Turkey Banks: Turkey's central bank hikes key interest rate to 35%
Turkey hiked its key interest rate from 30% to 35%, in line with forecasts by economists. The central bank said it would strengthen monetary tightening in a "timely and gradual manner" until the ...
News Turkey Banks: Turkey appoints new central bank leader who aims to curb inflation through interest rate hikes
Hafize Gaye Erkan, the first woman to lead Turkey's central bank, has resigned after facing allegations of nepotism and media scrutiny. Fatih Karahan, appointed as Erkan's replacement, has suggested a ...
News Turkey Banks: Turkey’s banks sweat the small stuff
At the start of the decade, the sweet spot for Turkey’s banks was unquestionably retail lending. Margins were high, growth was stellar and consumer appetite seemingly insatiable. Then in 2013, alarmed ...
News Turkey Banks: No Fear for Spanish Bank Doubling Down on Turkey
You might think Spanish bank BBVA SA is pushing the principle too far with its offer to buy all the shares it doesn’t own in its Turkish subsidiary, Türkiye Garanti Bankası. In truth, however, BBVA ...
News Turkey Banks: Turkey’s Central Bank to keep interest rates at same value of 14 percent
Based on a panel of economists questioned in a survey by Anadolu Agency on Friday, the Turkish Central Bank is predicted to keep interest rates at th ...
