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Turkish economy

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  • Friday, 1 July, 2022
    Erdoğan raises Turkey’s minimum wage for second time in six months

    Inflationary pressures fuelled by fall in lira mean president’s move will do little to support households, analysts say

    2 hours ago
  • Friday, 24 June, 2022
    Turkish lira
    Turkish bank regulator limits lira loans for firms holding foreign exchange

    Under-pressure currency climbs in response but analysts say move is further step towards capital controls

  • Friday, 10 June, 2022
    Turkish lira
    Turkey promises new bond plan as lira weakness deepens

    Little reprieve for currency after government pledges to tackle ‘topics on our economic agenda’

  • Wednesday, 8 June, 2022
    Turkish lira’s slide accelerates as Erdoğan vows to continue slashing rates

    Currency has shed 22% this year and analysts warn fall is ‘likely to continue’ without rate rises

  • Friday, 3 June, 2022
    Turkish inflation hits 23-year high of 73.5%

    President Erdoğan’s unorthodox strategy for managing the country’s economy continues to backfire

  • Thursday, 12 May, 2022
    Turkey dials up the pressure on banks as lira slides

    Bankers say they are facing calls to limit foreign currency sales to corporates

  • Wednesday, 11 May, 2022
    News in-depthTurkish politics
    Egyptian media exiles pressured by Erdoğan’s regional reset

    Turkey’s role as a safe haven for critical media in the Arab world is under threat as president seeks rapprochement

  • Monday, 4 April, 2022
    Turkish inflation hits 20-year high of 61% as energy and food costs soar

    Ankara blames surge on pandemic and Ukraine war as opposition politicians warn prices are out of control

  • Thursday, 3 March, 2022
    Turkish inflation hits 20-year high of 54%

    Discontent grows about state of economy as lira tumbles

  • Monday, 28 February, 2022
    Turkish politics
    Turkish opposition presents ‘historic’ pact to defeat Erdogan

    Diverse alliance promises to overhaul institutions and restore rule of law after years of backsliding

  • Thursday, 24 February, 2022
    News in-depth
    Turkey’s surging electricity prices dent voter support for Erdogan

    President faces election next year as public anger grows over cost of energy, food and other basic needs

  • Monday, 21 February, 2022
    Explainer
    In charts: can Erdogan’s gamble keep the Turkish lira steady?

    President is backing unorthodox measures to stabilise the currency but analysts are sceptical

  • Saturday, 12 February, 2022
    Fitch downgrades Turkish debt amid soaring inflation

    Rating agency says Erdogan’s flagship savings scheme will not ‘sustainably ease’ macroeconomic and financial stability risks

  • Friday, 11 February, 2022
    Markets InsightFrancesc Balcells
    Why Turkey’s economic resilience has defied worst fears

    Country has avoided the implosion some predicted with every round of currency depreciation

  • Wednesday, 9 February, 2022
    Turkey to target ‘under the mattress’ gold in effort to bolster the lira

    Ankara hopes to convert about $25bn of the hidden metal into the currency in latest scheme

  • Wednesday, 9 February, 2022
    David Gardner
    History may finally come knocking for Erdogan

    Economic woes boost hopes for Turkey’s opposition to oust the country’s long-serving strongman president

  • Thursday, 3 February, 2022
    Turkish politics
    Erdogan seals pact with Ukraine over trade and drones

    Deal risks angering Moscow which had warned against supplying more arms to Kyiv

  • Thursday, 3 February, 2022
    Turkish inflation at highest level of Erdogan era

    Global price pressures combined with the president’s unorthodox economic management fuel a surge in prices.

  • Saturday, 29 January, 2022
    Turkish president sacks statistics chief as inflation tension escalates

    Sait Erdal Dincer lasts just 10 months in the role amid reports of friction over direction of policy

  • Friday, 28 January, 2022
    Turkish lira
    Turkish lira steadies after tumbling 44% in tumultuous 2021

    Savings programme has helped slow selling in the currency, but analysts remain sceptical

  • Monday, 24 January, 2022
    Turkish industry hit by power cuts amid gas supply troubles

    Carmakers among those to suffer as government imposes energy restrictions on manufacturing plants

  • Sunday, 23 January, 2022
    News in-depth
    Turks flock to cryptocurrencies in search of stability

    Erdogan plans crackdown as lira turmoil encourages speculation in digital assets

  • Wednesday, 19 January, 2022
    Currencies
    UAE agrees deal to boost Turkey’s central bank reserves

    Swap agreement worth $5bn is the latest sign of warming relations between one-time foes

  • Friday, 7 January, 2022
    Turkey spent at least $7.3bn propping up lira in December

    Scale of intervention adds to concern over country’s dwindling foreign currency reserves

  • Monday, 3 January, 2022
    Turkish inflation soars to highest level under Erdogan

    Consumer price index climbs 36% year on year in December

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