Beril Akman

(Bloomberg) -- Turkish inflation probably surged to almost 70% in March, as the lira weakened on concerns Sunday's local elections could have prompted a currency rout.

Turkey’s inflation rate rose for a fifth straight month, edging closer to 70% despite a series of aggressive interest-rate hikes.

Turkey's inflation rate rose for a fifth straight month, edging closer to 70% despite a series of aggressive interest-rate hikes.

Turkey further eased regulations forcing banks to buy government bonds and reduced a security maintenance ratio again in its latest steps to end punitive measures on lenders.

The Turkish central bank had a loss of 818.2 billion liras ($25 billion) in 2023, a reversal from years of profits driven by sharply higher interest rates and the cost of a government-backed savings program designed to shield depositors against currency depreciation.

The Turkish central bank had a loss of 818.2 billion liras ($25 billion) in 2023, a reversal from years of profits driven by sharply higher interest rates and the cost of a government-backed savings program designed to shield depositors against currency depreciation.

Governor Karahan is in DC to attend World Bank-IMF meetings Karahan spoke at panel hosted by Council on Foreign Relations

(Bloomberg) -- Turkey faces a tradeoff between ensuring disinflation and rebuilding its international reserves, a dilemma the central bank governor

Turkish central bank Governor Fatih Karahan promised to do “whatever it takes” to curb inflation and signaled further monetary tightening if needed, according to people with direct knowledge of the matter.

Turkish central bank Governor Fatih Karahan promised to do “whatever it takes” to curb inflation and signaled further monetary tightening if needed, according to people with direct knowledge of the matter.