Topic

Turkey central bank

Turkey central bank net FX reserves fall

Published 29 Mar, 2024 04:45am

ISTANBUL: The Turkish central bank’s net international reserves fell some $4.4 billion to $15.21 billion in the...

Turkey central bank holds rate at 9% with inflation dipping from 64%

Published 19 Jan, 2023 04:42pm

ISTANBUL: Turkey’s central bank kept its policy rate unchanged at 9% for a second month on Thursday, after ending an...

Volatile Turkish lira seesaws after inflation surges

Published 04 Jan, 2022 06:54am

ISTANBUL: Turkey’s lira briefly rallied as much as 3% on Monday afternoon, reversing an early plunge and ...

Lira logs worst year in two decades under Erdogan

Published 03 Jan, 2022 06:42am

ANKARA: Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades...

Turkey's state banks likely to follow central bank and slash rates

Published 25 Oct, 2021 05:33am

Turkey's state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to...

Turkish lira hits new low

Published 03 Jun, 2021 04:13am

ISTANBUL: Turkey’s currency sank to all-time lows on Wednesday after President Tayyip Erdogan said he had urged ...

Turkish lira recovers some losses after plunge

Published 24 Mar, 2021 12:42pm

The lira stood at 7.8650 against the dollar at 0607 GMT, firming from a close of 7.97 on Tuesday.

Turkey could resurrect past defences of battered currency

Updated 22 Mar, 2021 06:30pm

'Soft' controls expected after sacking of central bank head.
Analysts see possible Albayrak-era currency interventions.
Swap limits and capital controls are options.
Foreign debts are high, central bank's currency buffer low.

Erdogan sacks central bank chief after interest rate hike

Published 21 Mar, 2021 04:05am

ISTANBUL: Turkey braced on Saturday for a new spell of financial turbulence after President Recep Tayyip Erdogan...

Turkish central bank holds 2021 inflation forecast firm at 9.4%

Published 28 Jan, 2021 01:07pm

In a briefing on its latest quarterly inflation report, Agbal said the bank forecast that inflation will fall to 7% at the end of 2022. The official target is between 3% and 7% on an annual basis.

Turkey eyes 25mn foreign visitors in 2021, tourism officials say

Published 05 Jan, 2021 05:15pm

Tourism industry sources say it will take at least two years for the number of arrivals to reach the levels before the pandemic.
The number of foreign visitors to Turkey in 2019 was 45.06 million; tourism revenues stood at $34.5 billion.

Turkey hikes main interest rate to 17pc

Published 24 Dec, 2020 05:39pm

The lira gained nearly one percent in value and was trading at around 7.57 against the dollar about an hour after the rate decision.

Turkey central bank to keep policy tight and could hike more, chief says

Published 16 Dec, 2020 05:34pm

The lira has hit a series of record lows beyond 8 to the U.S. dollar this year, but has recovered some ground since Agbal was named governor and delivered the rate hike.

Turkey central bank lifts lira by dumping another credit rule

Published 27 Nov, 2020 03:40pm

The central bank had previously linked reserve requirement ratios and remuneration rates to loan growth, which had spurred lending and economic growth.

New Turkish central bank chief says inflation is main goal

Published 09 Nov, 2020 11:29am

In a written statement after the former finance minister was appointed Saturday to replace ousted governor Murat Uysal, Agbal said policy communication will be strengthened in the framework of transparency, accountability and predictability principles.

Turkey hikes inflation forecast as lira falls

Published 28 Oct, 2020 07:43pm

The lira reached record-low levels of 8.29 against the dollar and 9.73 against the euro on Wednesday before recovering slightly.

Turkey surprises with first interest rate hike in two years in order to fight Lira’s fall

Updated 26 Sep, 2020 12:05am

In a surprise move that might help the Turkish Lira to stabilize, Central Bank of the Republic of Turkey (CBRT) raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency.

Turkey central bank cuts cheap dealer funding in latest lira move

Published 11 Aug, 2020 04:34pm

The cost of funding will likely increase to 9.75pc as a result of Tuesday's step, compared to an expected level of 9-9.5pc before the move, the trader told Reuters.

Turkey central bank frees up more lending with reserves tweak

Published 20 Jun, 2020 04:34pm

The revision would allow lenders to take advantage of separate regulatory incentives for them to meeting the borrowing needs of firms and individuals.
The revision is effective as of a June 12 calculation date, with the maintenance period starting Jun

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Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)
Leather Up Ltd. / Jul 21 Leather Up Limited(LEUL)	50.58 ▲ 4.6 (10%)
National Silk / Jul 21 The National Silk & Rayon Mills Limited(NSRM)	329.37 ▲ 29.94 (10%)
Suhail Jute / Jul 21 Suhail Jute Mills Limited(SUHJ)	270.97 ▲ 24.63 (10%)

Stock	Price
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.52 ▼ -0.8 (-9.62%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98 ▼ -7.79 (-7.36%)
Ellcot Spinning / Jul 21 Ellcot Spinning Mills Limited(ELSM)	115.05 ▼ -7.54 (-6.15%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	23.58 ▼ -1.53 (-6.09%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	82.51 ▼ -5.32 (-6.06%)
PIA Holding Co.B / Jul 21 PIA Holding Company Limited B(PIAHCLB)	16,910 ▼ -1089.99 (-6.06%)
Dadex Eternit / Jul 21 Dadex Eternit Limited(DADX)	90 ▼ -5.7 (-5.96%)
Sana Ind / Jul 21 Sana Industries Limited(SNAI)	36.51 ▼ -2.28 (-5.88%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	95,131,684 ▲ 0.29
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	42,437,814 ▲ 0.4
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	39,996,995 ▲ 0.13
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	22,580,908 ▲ 2.7
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	15,557,503 ▲ 0.56
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	15,200,195 ▲ 0.02
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	14,252,901 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	10,798,701 ▲ 0.63
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	9,931,568 ▲ 0.14
United Insurance / Jul 21 The United Insurance Company(UNIC)	8,930,769 ▼ -0.49

Turkey central bank

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