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Turkish economy on right track, monetary policy fully functional, Finance Minister Simsek says / REUTERS

Turkey's monetary policy is fully functional and the policy mix going forward will be more supportive, but more time is needed to see its...

Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’ – S. McLean, I. Yezdani & A. Cooban / CNN BUSINESS

Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on...

Turkey faces threat of financial crisis after lira plunges against dollar – Guardian

"Central bank forced to defend currency as traders respond to interest rate cut with sharp selloff" reports Larry Elliott in Guardian. Fears that Turkey is...

Turkey’s currency hits a new low after a surprise interest rate cut – New York Times

"The Turkish lira fell to a record low on Thursday after the central bank unexpectedly cut its benchmark interest rate, alarming investors who took...

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