The Turkish lira fell to a record low as incumbent Recep Tayyip Erdogan won the 2023 presidential election, extending his reign into his third decade in power.
May 29, 2023
1392
Turkey’s Central Bank again astonished global economists by sharply cutting its key interest rate to 13%: under 80% (a 24-year high) consumer inflation the lira broke all-time low and went into free fall.
August 19, 2022
1514
Turkish lira remains weaker against USD after the Turkish central bank decided to hold its key rate at 14%.
February 18, 2022
1961
The governor of the central bank of Turkey, apparently submitting to the orders of President Recep Tayyip Erdogan, who has unorthodox monetary views (if inflation gets higher, he wants the rate to be cut, according to his statements, while the classic economic theory says the opposite) cut the interest rate more than expected despite rising inflationary pressures and the continuing demise of Lira to an all-time low.
October 21, 2021
1917
May 6, 2024
2977
April 24, 2024
2915
April 12, 2024
2895
