Türkiye's central bank held interest rates at 50% as expected but cautioned that recent data had lifted inflation uncertainty, in a hawkish signal ahead of an expected easing cycle in coming months.
The bank said in a statement released after the Monetary Policy Committee meeting on Oct. 17 that the tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, and inflation expectations converge to the projected forecast range.
Analysts believe that the message could reinforce the view that the bank will wait until around January to ease monetary policy, after a more than year-long effort to slay years of soaring inflation.
The last time the bank raised its main policy rate was in March, when it hiked by 500 basis points to round off an aggressive tightening cycle that started in June last year. Since then, it has kept the one-week repo rate on hold.
In a change of messaging last month, it began setting the stage for a rate cut by dropping a reference to potential further tightening. Yet after monthly inflation was higher than expected at nearly 3% in September, a poll showed analysts expected the bank to wait until December or January to begin its anticipated easing cycle.
Officials from Turkmenistan and the Republic of Türkiye held comprehensive consultations at the Ministry of Foreign Affairs of Turkmenistan today, reaffirming their commitment to deepening bilateral ties across political, diplomatic, economic, and cultural spheres.
Turkish President Recep Tayyip Erdogan and Armenian Prime Minister Nikol Pashinyan held a phone conversation today. During the call, PM Pashinyan extended his congratulations to President Erdogan on the occasion of Kurban Bayrami.
Türkiye’s Minister of Transport and Infrastructure, Abdulkadir Uraloğlu, has announced that Turkish low-cost carrier AJet will begin operating regular flights to Damascus later this month.
Iran and Türkiye are aiming to boost their bilateral trade to $30 billion annually through stronger cooperation in transport, customs, and infrastructure.
Turkish Foreign Minister Hakan Fidan spoke by phone on Tuesday with U.S. Secretary of State Marco Rubio to discuss the latest efforts to end the war in Ukraine, diplomatic sources said.
Global investors remained wary on Friday after a closely watched phone call between U.S. President Donald Trump and Chinese President Xi Jinping failed to deliver concrete progress on trade. Chinese markets reflected the cautious sentiment, with modest declines across key indices.
Uzbekistan secured a place at the FIFA World Cup for the first time in their history, earning a landmark qualification following a 0-0 draw with the United Arab Emirates in Abu Dhabi on Thursday.
Germany will increase its military personnel by up to 60,000 troops as part of efforts to meet new NATO force and readiness targets, Defence Minister Boris Pistorius announced Friday, citing the country’s responsibility as Europe's largest economy.
The world stands precariously close to nuclear disaster, with civilian plants under attack and alarming rhetoric normalising the use of atomic weapons, warns Rafael Grossi, head of the International Atomic Energy Agency (IAEA).
Azerbaijan marked its National Day at Expo 2025 in Osaka, Japan, with a cultural celebration that highlighted the country’s heritage, innovation, and growing global partnerships. The event took place at Azerbaijan’s national pavilion, which has become one of the most visited at the exhibition since
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
Azerbaijan has unveiled plans to export renewable electricity to Türkiye through the Nakhchivan Autonomous Republic, with a projected capacity of up to 1 gigawatt.
Global investors remained wary on Friday after a closely watched phone call between U.S. President Donald Trump and Chinese President Xi Jinping failed to deliver concrete progress on trade. Chinese markets reflected the cautious sentiment, with modest declines across key indices.
Uzbekistan secured a place at the FIFA World Cup for the first time in their history, earning a landmark qualification following a 0-0 draw with the United Arab Emirates in Abu Dhabi on Thursday.
Azerbaijan marked its National Day at Expo 2025 in Osaka, Japan, with a cultural celebration that highlighted the country’s heritage, innovation, and growing global partnerships. The event took place at Azerbaijan’s national pavilion, which has become one of the most visited at the exhibition since
OpenAI is challenging a court order that requires it to indefinitely preserve ChatGPT output data in an ongoing copyright lawsuit filed by The New York Times, arguing that the mandate risks violating user privacy.
Global investors remained wary on Friday after a closely watched phone call between U.S. President Donald Trump and Chinese President Xi Jinping failed to deliver concrete progress on trade. Chinese markets reflected the cautious sentiment, with modest declines across key indices.
Uzbekistan secured a place at the FIFA World Cup for the first time in their history, earning a landmark qualification following a 0-0 draw with the United Arab Emirates in Abu Dhabi on Thursday.
Germany will increase its military personnel by up to 60,000 troops as part of efforts to meet new NATO force and readiness targets, Defence Minister Boris Pistorius announced Friday, citing the country’s responsibility as Europe's largest economy.
The world stands precariously close to nuclear disaster, with civilian plants under attack and alarming rhetoric normalising the use of atomic weapons, warns Rafael Grossi, head of the International Atomic Energy Agency (IAEA).
Azerbaijan marked its National Day at Expo 2025 in Osaka, Japan, with a cultural celebration that highlighted the country’s heritage, innovation, and growing global partnerships. The event took place at Azerbaijan’s national pavilion, which has become one of the most visited at the exhibition since
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