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Decision comes at a time when central banks around the world have been raising borrowing costs
Executives consider wage rises and managing forex exposure as they grapple with latest crisis
Washington to target banks that are integrated into Mir processing system
$24.4bn, layin’ right there in the street
Ankara insists price pressures will ease soon but economists warn rate could remain uncomfortably high
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%
Mediterranean neighbours seek to repair relations after 2018 rift over killing of Palestinian protesters
Value of goods sold soars 46% as companies fill trade void created by war sanctions
President ‘out of options’ as widespread hardship hands chance to opposition parties
Disruption to food and energy imports caused by war in Ukraine adds to pressure on prices
Ekrem İmamoğlu says company leaders are ‘culpable’ for Turkey’s economic crisis
Cargo prevented from entering Black Sea port after Kyiv complains of resources stolen in invasion
Inflationary pressures fuelled by fall in lira mean president’s move will do little to support households, analysts say
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
President Erdoğan’s unorthodox strategy for managing the country’s economy continues to backfire
Bankers say they are facing calls to limit foreign currency sales to corporates
Turkey’s role as a safe haven for critical media in the Arab world is under threat as president seeks rapprochement
Ankara blames surge on pandemic and Ukraine war as opposition politicians warn prices are out of control
Discontent grows about state of economy as lira tumbles
Diverse alliance promises to overhaul institutions and restore rule of law after years of backsliding
President faces election next year as public anger grows over cost of energy, food and other basic needs
President is backing unorthodox measures to stabilise the currency but analysts are sceptical
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