ISTANBUL, April 22 (Reuters) – Turkey’s central bank left
key interest rates unchanged on Wednesday, holding fire ahead of
a June parliamentary election, even as the lira’s slide to
record lows risks fuelling inflation.
However the bank took steps on liquidity management, making
a “measured cut” in its forex depo lending rate, the rate at
which banks can borrow emergency dollar funds, and hiking the
amount it pays banks on lira reserves.
ISTANBUL (Reuters) – Turkey’s pro-Kurdish Peoples’ Democratic Party (HDP) vowed on Tuesday to be President Tayyip Erdogan’s “nightmare” if it enters parliament after a June election by blocking his plans for an executive presidency.
Unveiling a leftist election manifesto which reaches beyond its Kurdish grassroots, the HDP also demanded greater rights for women and minorities in Turkey while reaffirming its support for ending a 30-year conflict between the state and Kurdish rebels.
ISTANBUL (Reuters) – Turkey’s main opposition promised on Sunday to revitalize a flagging economy and boost democracy in an election manifesto which accused the ruling AK Party of polarizing the country and leaving millions in poverty during its 13 years in power.
The AK Party is expected to win the June 7 parliamentary election comfortably, but uncertainty over whether it will gain enough support to change the constitution and boost the powers of President Tayyip Erdogan has recently unnerved investors.
ISTANBUL, April 15 (Reuters) – The Turkish lira slid to a
new record low on Wednesday on rising investor fears about
political uncertainty after a June 7 parliamentary election, but
the economy minister warned against intervention, saying the
currency would find its own level.
Economy Minister Nihat Zeybekci and Finance Minister Mehmet
Simsek also sought to boost confidence in the faltering
economy’s outlook, forecasting that growth would pick up after
the election, having slowed to 2.9 percent in 2014 from 4.2
percent a year earlier.
ISTANBUL, April 14 (Reuters) – The Turkish lira plumbed
another record low against the dollar on Tuesday, as investors
punished the currency on fears of rising political instability
ahead of the June 7 parliamentary election.
While the resurgent dollar has hit emerging market
currencies across the board, the lira has stood out for its
underperformance, hurt by worries about both political meddling
in monetary policy and the make-up of Ankara’s economic team
after the election.
ISTANBUL/BEIRUT (Reuters) – Turkish President Tayyip Erdogan and Iranian counterpart Hassan Rouhani agreed to boost trade and signed a slew of deals at a meeting on Tuesday, but steered clear of directly addressing differences over conflict-ridden Yemen.
Erdogan paid a one-day visit to Iran at a time when relations between Ankara and Tehran — already strained by disagreements over Syria — have been battered by events in Yemen, where they have backed opposing combatants.
DIYARBAKIR, Turkey (Reuters) – Ending the Kurdish insurgency in Turkey’s impoverished southeast would unlock trade with Iran, Iraq and eventually Syria, and kick-start a local economy long left behind by the rest of the country.
Jailed Kurdish militant leader Abdullah Ocalan said last month it was time to end a three-decade armed struggle that has killed 40,000 people and stunted development in the region, bringing the prospect of peace closer.
DIYARBAKIR, Turkey (Reuters) – Kurds applauded last weekend’s call from their jailed rebel leader Abdullah Ocalan to end a 30-year armed struggle against Turkey but deep suspicions on both sides could shatter dreams of peace.
Ocalan began talks with Ankara in 2012 to end a conflict which has killed 40,000 people and stunted development in NATO-member Turkey’s mainly Kurdish southeast, and impatience is growing in a peace process complicated by Kurds’ involvement in fighting Islamic State in Syria and Iraq.
DIYARBAKIR, Turkey, March 26 (Reuters) – Kurds applauded
last weekend’s call from their jailed rebel leader Abdullah
Ocalan to end a 30-year armed struggle against Turkey but deep
suspicions on both sides could shatter dreams of peace.
Ocalan began talks with Ankara in 2012 to end a conflict
which has killed 40,000 people and stunted development in
NATO-member Turkey’s mainly Kurdish southeast, and impatience is
growing in a peace process complicated by Kurds’ involvement in
fighting Islamic State in Syria and Iraq.
DIYARBAKIR, Turkey, March 21 (Reuters) – Jailed Kurdish
rebel leader Abdullah Ocalan called on Saturday for his militant
group to hold a congress on ending a three-decade insurgency
against the Turkish state but stopped short of declaring an
immediate halt to its armed struggle.
“This struggle of our 40-year-old movement, which has been
filled with pain, has not gone to waste but at the same time has
become unsustainable,” Ocalan said in the message read out by
two Kurdish politicians at a rally to mark the Kurdish “Newroz”
New Year celebrations.