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Turkey, 250bp cut
Foreign investors bet on Turkey, drawn by rate cuts, easing inflation
Foreign investors are flocking to Turkey's local debt markets, saying they are impressed by interest rate cuts and easing inflation and are hoping that a regional transformation could further boost their bets on the economy.
Turkey's central bank lowers benchmark interest rate to 45%
Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 45% on Thursday, in its second rate cut in as many months as official figures showed inflation was easing. The bank’s Monetary Policy Committee said it was reducing its benchmark one-week repo rate to 45% from the current 47.
Turkey delivers another 250bp rate cut in line with expectations
By Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on January 23 cut its policy rate by 250bp to 45% in line with market expectations (chart). On December 26, the authority launched the ongoing rate-cutting cycle with a 250bp cut.
7h
Apartment building collapses in central Turkey, killing 2 people
State-run media says rescuers have pulled the bodies of a 23-year-old woman and a man believed to be her husband from under a ...
3d
Fire tears through Turkey ski resort hotel, killing at least 76 people and injuring dozens more
Witnesses say guests at a ski resort hotel in Turkey tried to escape a deadly fire with ropes and sheets hung from windows.
Greek Reporter
2h
Pontic Greek Still Spoken by Thousands in Northern Turkey
Pontic Greek, which closely resembles Ancient Greek still lives on today, in communities near Turkey's Black Sea coast.
20h
At least 5 people are trapped after a building collapses in central Turkey
ANKARA, Turkey — A search and rescue operation was underway in central Turkey on Friday after a four-story building collapsed, trapping at least five people inside, officials said.
3d
At least 76 people killed in a hotel fire at a ski resort in Turkey
Officials in Turkey say that a fire has raged through a 12-story hotel at a popular ski resort in the northwestern part of ...
3d
on MSN
Dozens killed as fire breaks out at ski resort hotel in northwestern Turkey
Dozens of people were killed after a fire ripped through a ski resort hotel in northwestern Turkey on Tuesday, forcing ...
Hosted on MSN
1d
Pamukkale: Turkey's 'cotton castle' of white limestone that inspired an ancient cult
The Pamukkale travertines are limestone slopes and thermal water pools that have attracted visitors since before the days of ...
2d
on MSN
Commercial flights between Turkey and Syria resume after 13 years
Commercial flights between Turkey and Syria have resumed after 13 years with a Turkish Airlines flight from Istanbul to ...
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