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Central bank continues to unwind unorthodox position favoured by Erdoğan as it seeks to stem runaway inflation
International investors are alert to signs that Erdoğan is finally addressing the country’s ills
Drop in imports last month reflects sharp devaluation in lira, which hit record low against dollar on Monday
Central bank calls move ‘first step’ towards a more conventional monetary policy
Currency undergoes biggest fall since late 2021 after finance minister’s pledge to restore ‘rational’ policies
If the country’s shift towards economic orthodoxy is real, credible steps need to be taken quickly
After a promising rejig, Recep Tayyip Erdoğan must loosen his grip on economic policy
Re-elected president insists interest rates should stay low despite inflation running at over 40%
Currency falls to 20 to the dollar for the first time as polls predict Erdoğan victory at runoff election
Investors increasingly concerned over Turkish president’s insistence that low interest rates cure inflation
Cost of credit default swaps records biggest rise in two years, while bonds sell off
Cheap lira and closer ties with Russia boost trade, aiding Erdoğan’s re-election hopes
Central bank imposes bigger than expected reduction to 10.5% as Erdoğan battles to bring down borrowing costs
September’s price rises are the worst since president’s ruling party came to power 20 years ago
Decision comes at a time when central banks around the world have been raising borrowing costs
Businesses in Cappadocia region say every dollar and euro counts as country faces soaring energy import bill
Currency slides after central bank loosens policy further and lowers rate to 13%
Under-pressure currency climbs in response but analysts say move is further step towards capital controls
Little reprieve for currency after government pledges to tackle ‘topics on our economic agenda’
Currency has shed 22% this year and analysts warn fall is ‘likely to continue’ without rate rises
Discontent grows about state of economy as lira tumbles
President is backing unorthodox measures to stabilise the currency but analysts are sceptical
Rating agency says Erdogan’s flagship savings scheme will not ‘sustainably ease’ macroeconomic and financial stability risks
Ankara hopes to convert about $25bn of the hidden metal into the currency in latest scheme
Savings programme has helped slow selling in the currency, but analysts remain sceptical
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