ANKARA Turkey is considering reimposing some measures to stem a resurgence of coronavirus cases such as stay-home orders for younger and older people or even weekend lockdowns, but will avoid throttling the economic recovery, a senior official said.
ANKARA, Oct 21 Turkey is considering re-imposing
some measures to stem rising coronavirus cases such as stay-home
orders for younger and older people or even weekend lockdowns,
but will avoid hurting the economic recovery, a senior official
ISTANBUL, Oct 12 Turkey's central bank, faced
with a record-low currency and widening current account deficit,
further left behind ultra-loose measures adopted during the
coronavirus pandemic when it raised on Monday the remuneration
rate on required lira reserves.
ISTANBUL The lira firmed 1% against the dollar on Wednesday, rebounding from a record low after Turkey unveiled an optimistic medium-term economic programme and also reduced taxes on forex transactions and bank deposits.
ANKARA Turkey's new medium-term programme, expected to be announced on Tuesday, will prioritise sustainable growth in the short-term and foresees a significant recovery in the current account deficit, two sources familiar with the plan told Reuters.
ISTANBUL The lira skidded to record lows against the dollar, euro and pound on Monday amid concern that Turkey could get more involved in a fast-escalating conflict in the Caucasus, despite last week's surprise rate hike meant to support the currency.
ANKARA Turkey's banking watchdog (BDDK) raised the limits for banks' foreign currency transactions with foreign entities on Friday, allowing increased access to the market, a day after Turkey's central bank hiked interest rates.
ANKARA Veterans of Turkey's central bank have some advice for today's policymakers, who are on the frontlines of Ankara's unorthodox battle against a record-low lira and the economic impact of coronavirus: raise interest rates now and get back to basics.
* Locals' forex holdings surge to $213 bln
(Adds forex holdings, reserves, S&P, Erdogan)
ISTANBUL, Aug 4 Interest rates on overnight
swaps for Turkey's lira hit 1,050% Tuesday, the highest in more
than a year, in an offshore market that Turkish authorities have
starved of liquidity as part of a costly effort to boost the