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Turkey’s inflation ticks up to 62%

Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October,...

Turkey’s opposition fractures ahead of March polls

By Dmitry Zaks: Turkey's main opposition party lost a crucial ally Monday in its bid to form a united front against President Recep Tayyip Erdogan's ruling coalition in high-stakes March municipal polls. The secular opposition joined forces in landmark 2019 elections...

Turkey welcomes Palestinian cancer patients after they entered Egypt

More than two dozen Palestinian cancer patients, who had crossed from Gaza into Egypt, arrived in Turkey for treatment in the early hours of Thursday, Turkey's Anadolu agency reported. Two planes carrying the patients, many of them children, landed at Ankara airport...

Turkey: Istanbul’s popular opposition mayor faces fresh trial

By Dmitry Zaks: Istanbul's popular opposition mayor went on trial Thursday on fresh corruption charges that could further cloud his hopes of succeeding President Recep Tayyip Erdogan. Ekrem Imamoglu has turned into one of Erdogan's most outspoken and openly ambitious...

Turkey’s inflation ticks up to 62%

Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October,...
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Turkey experiences out-of-control inflation, soaring prices

By Fulya Ozerkan Turkish inflation jumped to a new 24-year high exceeding 83 percent in September, official data showed Monday, as President Recep Tayyip Erdogan presses for more interest rate cuts despite surging prices. Turkey's monetary policymakers are bucking the...
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Turkish banks abandon use of Russia’s card payment system Mir

By Fulya Ozerkan: Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian card payments were pulling out under pressure from Washington. The decision follows weeks of...
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Turkey cuts interest rate for second month despite soaring inflation

Turkey's central bank on Thursday cut its policy rate for the second straight month despite an annual inflation rate that has reached 80 percent and still moving higher. The central bank said it was cutting its one-week repo rate to 12 percent from 13 percent and...
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