interest rates
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Vehicle sales surge by 30% in Turkiye to hit record in February
Vehicle sales across Türkiye rose approximately 30% year-over-year and marked the highest February figure, industry data showed on Monday building…
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The Lira’s Plunge: Turkiye’s Currency Hits Record Low Against the Dollar
Delve into Turkiye’s economic turmoil as the lira hits a record low of 31 to the U.S. dollar, signaling a…
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Foreign analysts predict Turkiye will refrain from interest rate cuts this year
On Thursday, bank expected to leave policy rate unchanged at 45% Foreign analysts said the Turkish Central Bank may refrain…
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Garanti BBVA Authorized to Issue Up to $6 Billion in Bonds: A Strategic Leap in Global Banking
Garanti BBVA takes a significant stride in global finance with the authorization to issue up to $6 billion in bonds…
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Turkiye’s Akbank plans to invest $200 Million in technology this year
Turkish private lender Akbank will invest $200 million (TL 6.14 billion) in technology in 2024, its CEO Kaan Gür told…
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Turkiye: As home ownership falls, industry looks for solutions
Türkiye needs a new approach toward housing to overcome problems of prohibitively high home prices that have led to a…
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Prediction from JPMorgan about the new Central Bank president: President Karahan will focus more on inflation
JPMorgan evaluated President Erdogan’s appointment of hawkish Vice President Fatih Karahan instead of CBRT President Hafize Gaye Erkan and said,…
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Turkish banks profits rise 40 percent last year
Turkish banks’ net income increased by 40 percent last year from 2022 to stand at 603.6 billion Turkish Liras ($19.9…
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Turkish banks’ head expects credit card restrictions after 160% growth
The head of Türkiye’s Banks Association on Tuesday expressed expectations for more restrictive measures on explosive credit cards, which grew…
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