ISTANBUL: Turkey´s annual economic growth is expected to fall short of the government´s target through 2020, according to a Reuters poll, as inflation reaches double digits and investor sentiment sours under a new presidency.
Hours after he was sworn in this month with sweeping new powers, President Tayyip Erdogan named his son-in-law as finance minister.
That has heightened investor concern that Erdogan, a self-described "enemy of interest rates", will look to take more direct control of monetary policy.
Erdogan wants low rates to keep cheap credit flowing, particularly to the construction industry.
Investors, who are worried about inflation and see the economy as overheating, want rates raised decisively.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
