Turkiye currency

Turkey

'Everything is overheating': Why is Turkey's economy in such a mess?

Runaway inflation and the collapse of the lira has pushed millions of Turks to the brink of financial ruin. But what went wrong with Turkey's economy?

9 November 2022

Turkey

Turkey lowers interest rates as inflation hits 80 percent

In a statement following a monetary policy committee meeting, the country's national bank said it decided to reduce the policy rate from 14% to 13%.

18 August 2022

Tech News

Turkey's inflation surges to highest level since 2002 at nearly 50%

Turkey has suffered from persistently high inflation for years, experiencing two currency crises since 2018.

3 February 2022