The excess lira liquidity in Turkey’s banking system on April 7 turned negative for the first time since September, BloombergHT reported on April 8. When the central bank buys FX, it provides ...

Last week, the bank made more measures to drain the lira liquidity by raising the amount of money that commercial banks need to set aside for short-term and long-term lira deposits. The short-term ...

The market selloff in the lira and Turkish stocks reflect investor fears that interest rates are headed lower, said Maya Senussi, senior economist at Oxford Economics. We maintain a view of ...