Tag Archives: inflationary pressures

The Turkish lira, which is prone to sharp fluctuations before normal trading time, stabilized early on Friday after tumbling 4.25 percent to a record low of 19.80 against the dollar on Thursday evening. By 0439 GMT, the lira had settled at 18.9575 against the dollar, the same closing level on …

The Turkish lira, which is prone to sharp fluctuations before normal trading time, stabilized early on Friday after tumbling 4.25 percent to a record low of 19.80 against the dollar on Thursday evening. By 0439 GMT, the lira had settled at 18.9575 against the dollar, the same closing level on …

Official data showed on Friday that annual inflation in Turkey fell slightly to 55.18 percent in February, which was less than expected, following violent earthquakes that hit the southeast of the country and killed more than 45,000 people less than a month ago. The Turkish Statistical Institute said consumer prices …

Data from the Turkish Ministry of Trade showed today, Thursday, that the foreign trade deficit amounted to 12.9 billion dollars in February, an annual increase of 52.8%, which highlights the impact of the earthquakes that occurred last month on the trade balance. The data showed that exports fell 6.4% to …

Official data showed on Tuesday that the Turkish economy grew by 5.6 percent in 2022, exceeding expectations, while growth slowed to 3.5 percent in the fourth quarter, with the continued impact of falling demand. Data from the Turkish Statistical Institute showed that the gross domestic product for the fourth quarter …

Data from the Turkish Statistical Institute showed on Monday that the economic confidence index fell by 0.3 percent on a monthly basis in February to 99.1 points, after violent earthquakes devastated the southern region of the country. The index, which indicates an optimistic outlook when its reading exceeds the 100 …

Official data on Monday showed Turkey’s foreign trade deficit increased 38.4 percent year-on-year to $14.24 billion in January, with imports rising 20.7 percent and exports 10.3 percent. The Turkish Statistical Institute stated that imports jumped to 33.61 billion dollars in January, while exports increased to 19.37 billion dollars. Under an …

Turkey’s central bank cut interest rates on the lira by 50 basis points from 9% to 8.5% in February, after the devastating earthquake that claimed more than 45,000 lives. This cut came in line with analysts’ expectations of 8.5%. Turkey’s central bank cut its key interest rate by 500 basis …

Inflation in Germany rose during the second reading month of January to 8.7% from 8.6% previously, in line with expectations. Energy prices rose by 23.1% despite government relief measures, as domestic energy prices jumped by 36.5%, specifically natural gas, which rose by 51.7%. The prices of firewood, wood pellets and …

In early trading on Monday, the Turkish lira reached a new record low against the dollar, recording 18.85, as the Turkish currency is under pressure due to the strength of the dollar and geopolitical risks. Emerging market currencies came under significant pressure after the dollar rose sharply on Friday in …