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News
Türkiye's trade deficit up 13.6% despite best July exports ever
1+ hour, 36+ min ago (256+ words) Türkiye's foreign trade deficit widened 13.6% year-over-year despite the highest-ever July exports, with the seven-month gap climbing 8.3%, official data showed Friday. Exports rose 2.9% year-over-year to $25.62 billion, Türkiye's second-highest monthly export value on record, while imports increased 5.1% to $32.97 billion. That led to…...
Türkiye's CDS drops to multi-month low on easing risks, CBRT moves
2+ day, 1+ hour ago (722+ words) The cost of insuring exposure to Türkiye's sovereign debt fell Wednesday to its lowest level in about six-and-a-half months, as expectations of easing geopolitical risks in the Middle East and steps by the central bank on liquidity management supported investor…...
Turkish central bank reserves gain nearly $40B since late June
3+ day, 18+ min ago (207+ words) Türkiye's central bank reserves are projected to have increased last week to their highest level in five months, bringing the rebound since late June to nearly $40 billion, according to calculations. The total reserves of the Central Bank of the Republic…...
Turkish households shift toward gold as real estate appeal declines
4+ day, 14+ min ago (281+ words) Turkish households' preference for gold increased in August, while the share considering real estate investments declined, according to a survey by the Central Bank of the Republic of Türkiye (CBRT) Monday. The survey showed that 41.3% of respondents said they would…...
Household, real sector inflation expectations rise in Türkiye
3+ day, 23+ hour ago (298+ words) Inflation expectations among households and the real sector rose in August, while expectations among market participants declined, a survey by the Central Bank of the Republic of Türkiye (CBRT) showed on Monday. Market participants' expectations for inflation in 12 months fell…...
Turkish central bank resumes repo auctions after nearly 6-month pause
4+ day, 3+ hour ago (368+ words) Türkiye's central bank resumed one-week repo auctions Monday after a nearly six-month suspension, as part of its Turkish lira liquidity management framework. The Central Bank of the Republic of Türkiye (CBRT) announced Friday that it had decided to restart one-week…...
Turkish finance chief stresses commitment to saving, fiscal discipline
5+ day, 1+ hour ago (528+ words) A top Turkish economy official stressed on Sunday the commitment to saving in the public sector as he evaluated the figures for 2024-2025, pledging to direct resources to priority areas and continue with fiscal discipline measures. "Our determination for saving in…...
Foreign arrivals in Türkiye fall slightly in July, Russians top list
1+ week, 4+ min ago (205+ words) The number of foreign visitors arriving in Türkiye dropped slightly in July, data from the Culture and Tourism Ministry showed Friday. Foreign arrivals totaled 7.1 million last month, down 0.3% from a year earlier, according to the data. From January through July,…...
US national debt tops $40T for 1st time, doubles in under decade
1+ week, 1+ day ago (168+ words) The U.S. national debt has surged past $40 trillion for the first time, more than doubling in less than a decade as Washington's mounting fiscal burden reaches another historic milestone, Treasury Department data showed. Total public debt outstanding reached $40.047 trillion on Tuesday,…...
Türkiye weighs measures as it puts 'hot money' under scrutiny
1+ week, 2+ day ago (397+ words) Türkiye is assessing short-term capital flows, particularly the growing amount of foreign and institutional money flowing into money market funds, reports said Wednesday. Authorities are weighing new steps that may include taxation aimed at keeping capital in the country longer…...