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 / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.42 ▲ 0.99 (13.32%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Universal Ins. / Jun 4 The Universal Insurance Company Limited(UVIC)	25.59 ▲ 2.33 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)
Zuma Resources / Jun 4 Zuma Resources Limited(ZUMA)	72.62 ▲ 6.6 (10%)
Askari Life Assur. / Jun 4 Askari Life Assurance Company Limited(ALAC)	21.16 ▲ 1.92 (9.98%)
Asia Ins. / Jun 4 Asia Insurance Company Limited(ASIC)	37 ▲ 3.16 (9.34%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.80 ▲ 1.91 (9.14%)

Stock	Price
Khairpur Sug. / Jun 4 Khairpur Sugar Mills Limited(KPUS)	1,948.15 ▼ -216.46 (-10%)
Popular Islamic / Jun 4 Popular Islamic Modaraba(PIM)	21.61 ▼ -1.96 (-8.32%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	77.50 ▼ -4.98 (-6.04%)
Ahmad Hassan / Jun 4 Ahmad Hassan Textile Mills Limited(AHTM)	80 ▼ -5.11 (-6%)
Frontier Ceramics / Jun 4 Frontier Ceramics Limited(FRCL)	75.01 ▼ -4.16 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.40 ▼ -2.48 (-4.97%)
Dawood Equities / Jun 4 Dawood Equities Limited(DEL)	19.70 ▼ -0.86 (-4.18%)
Shahmurad Sugar / Jun 4 Shahmurad Sugar Mills Limited(SHSML)	358.11 ▼ -14.63 (-3.92%)
Data Agro / Jun 4 Data Agro Limited(DAAG)	78.65 ▼ -3.09 (-3.78%)
Paramount Spinning / Jun 4 Paramount Spinning Mills Limited(PASM)	6.46 ▼ -0.25 (-3.73%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	35,538,923 ▲ 0.29
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	11,323,075 ▲ 0.34
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	9,685,080 ▲ 2.07
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	8,057,112 ▲ 0.48
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	7,115,104 ▲ 0.16
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	6,864,028 ▲ 0.38
Telecard Limited / Jun 4 Telecard Limited(TELE)	6,016,438 ▲ 0.39
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	5,233,978 ▲ 0.42
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	5,142,788 ▲ 0.7
TPL Corp Ltd / Jun 4 TPL Corp Limited(TPL)	3,713,292 ▲ 0.32

Turkey central bank

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