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Turkey central bank

Turkey central bank net FX reserves fall

ISTANBUL: The Turkish central bank’s net international reserves fell some $4.4 billion to $15.21 billion in the...

Published 29 Mar, 2024 04:45am

Business & Finance

Turkey central bank holds rate at 9% with inflation dipping from 64%

ISTANBUL: Turkey’s central bank kept its policy rate unchanged at 9% for a second month on Thursday, after ending an...

Published 19 Jan, 2023 04:42pm

Business & Finance

Volatile Turkish lira seesaws after inflation surges

ISTANBUL: Turkey’s lira briefly rallied as much as 3% on Monday afternoon, reversing an early plunge and ...

Published 04 Jan, 2022 06:54am

Business & Finance

Lira logs worst year in two decades under Erdogan

ANKARA: Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades...

Published 03 Jan, 2022 06:42am

Opinion

Turkey's state banks likely to follow central bank and slash rates

Turkey's state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to...

Published 25 Oct, 2021 05:33am

Markets

Turkish lira hits new low

ISTANBUL: Turkey’s currency sank to all-time lows on Wednesday after President Tayyip Erdogan said he had urged ...

Published 03 Jun, 2021 04:13am

Markets

Turkish lira recovers some losses after plunge

The lira stood at 7.8650 against the dollar at 0607 GMT, firming from a close of 7.97 on Tuesday.

Published 24 Mar, 2021 12:42pm

Business & Finance

Turkey could resurrect past defences of battered currency

'Soft' controls expected after sacking of central bank head.
Analysts see possible Albayrak-era currency interventions.
Swap limits and capital controls are options.
Foreign debts are high, central bank's currency buffer low.

Updated 22 Mar, 2021 06:30pm

Erdogan sacks central bank chief after interest rate hike

ISTANBUL: Turkey braced on Saturday for a new spell of financial turbulence after President Recep Tayyip Erdogan...

Published 21 Mar, 2021 04:05am

Markets

Turkish central bank holds 2021 inflation forecast firm at 9.4%

In a briefing on its latest quarterly inflation report, Agbal said the bank forecast that inflation will fall to 7% at the end of 2022. The official target is between 3% and 7% on an annual basis.

Published 28 Jan, 2021 01:07pm

World

Turkey eyes 25mn foreign visitors in 2021, tourism officials say

Tourism industry sources say it will take at least two years for the number of arrivals to reach the levels before the pandemic.
The number of foreign visitors to Turkey in 2019 was 45.06 million; tourism revenues stood at $34.5 billion.

Published 05 Jan, 2021 05:15pm

Business & Finance

Turkey hikes main interest rate to 17pc

The lira gained nearly one percent in value and was trading at around 7.57 against the dollar about an hour after the rate decision.

Published 24 Dec, 2020 05:39pm

Markets

Turkey central bank to keep policy tight and could hike more, chief says

The lira has hit a series of record lows beyond 8 to the U.S. dollar this year, but has recovered some ground since Agbal was named governor and delivered the rate hike.

Published 16 Dec, 2020 05:34pm

Markets

Turkey central bank lifts lira by dumping another credit rule

The central bank had previously linked reserve requirement ratios and remuneration rates to loan growth, which had spurred lending and economic growth.

Published 27 Nov, 2020 03:40pm

Business & Finance

New Turkish central bank chief says inflation is main goal

In a written statement after the former finance minister was appointed Saturday to replace ousted governor Murat Uysal, Agbal said policy communication will be strengthened in the framework of transparency, accountability and predictability principles.

Published 09 Nov, 2020 11:29am

Markets

Turkey hikes inflation forecast as lira falls

The lira reached record-low levels of 8.29 against the dollar and 9.73 against the euro on Wednesday before recovering slightly.

Published 28 Oct, 2020 07:43pm

Markets

Turkey surprises with first interest rate hike in two years in order to fight Lira’s fall

In a surprise move that might help the Turkish Lira to stabilize, Central Bank of the Republic of Turkey (CBRT) raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency.

Updated 26 Sep, 2020 12:05am

Markets

Turkey central bank cuts cheap dealer funding in latest lira move

The cost of funding will likely increase to 9.75pc as a result of Tuesday's step, compared to an expected level of 9-9.5pc before the move, the trader told Reuters.

Published 11 Aug, 2020 04:34pm

Business & Finance

Turkey central bank frees up more lending with reserves tweak

The revision would allow lenders to take advantage of separate regulatory incentives for them to meeting the borrowing needs of firms and individuals.
The revision is effective as of a June 12 calculation date, with the maintenance period starting Jun

Published 20 Jun, 2020 04:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 18	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 18 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 18 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 18 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 18 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 18 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 18 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 18 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 18 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 18 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 18 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 18 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 18 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 18 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 18 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 18 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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Turkey central bank

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