September 27 Moscow and Ankara will continue consultations on the Turkish Stream gas pipeline project later this week with eye of drafting an intergovernmental agreement by mid-October, Russian Minister of Energy Alexander Novak said on Tuesday.
Sourced from: tass.com
Turkey’s central bank slashed its key interest rate by a more than expected 425 basis points to 19.75 percent Thursday to spur a recession-hit economy, its first step away from the emergency stance adopted during last year’s currency crisis.
Source: www.dailystar.com.lb
International Business Law Firm Istanbul
The Central Bank of the Republic of Turkey (CBRT) on Saturday lowered reserve requirement ratios to provide more liquidity in domestic markets. Turkish lira reserve requirement ratios have been reduced by 100 basis points for deposits and participation funds with maturities up to 1-year, and for other liabilities with maturities up to (and including) 3-year.
Source: www.turkiyenewspaper.com
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Turkey’s central bank on Wednesday ruled to keep its one-week repo rate — also known as the policy rate — constant at 24 percent, the state-run Anadolu news agency reported. The decision came in a statement from the bank’s Monetary Policy Committee (PPK),
Source: www.turkishminute.com
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Turkey received $9.16 billion in net foreign direct investment from January to October 2018, the Industry and Technology Ministry announced on Thursday.
Source: www.thedailyturkish.com
International Business Law Firm Istanbul
Central bank holds main rate in first decision after September’s aggressive tightening action. The Central Bank of the Republic of Turkey (CBRT) chose to keep its headline rate on hold today (October 25), as the Turkish economy finds a measure of stability. The decision to hold the one-week repo rate constant at 24% was in line with analysts’
Source: www.centralbanking.com
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