Central Bank of Turkey kept rates unchanged

Central Bank of Turkey kept rates unchanged

Central Bank of Turkey (CBT) kept its 1-week policy rate unchanged at 7.5 percent again on Feb. 23

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Services, retail trade and construction confidence indices decreased in February 2016

Services, retail trade and construction confidence indices decreased in February 2016

Sectoral confidence indices decreased in February 2016

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PM Davutoğlu announced action plan to support beleaguered tourism sector

PM Davutoğlu announced action plan to support beleaguered tourism sector

Prime Minister Ahmet Davutoğlu announced an action plan on Feb. 22 to support Turkey’s tourism sector, which has been negatively affected recently by tensions with Russia and security concerns.

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Unemployment rate fell to 10.5% in 4Q15

Unemployment rate fell to 10.5% in 4Q15

Unemployment rate fell by 0.2 points to 10.5% in 4Q15

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Export volume index increased by 5.3% in 4Q15 y/y, and 2% y/y in 2015

Export volume index increased by 5.3% in 4Q15 y/y, and 2% y/y in 2015

Export unit value index decreased by 10.9% y/y and overall import unit value index decreased by 17.1% y/y in December 2015

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Curent account deficit fell to USD 32,192 million in 2015

Curent account deficit fell to USD 32,192 million in 2015

According to balance of payments report released by CBT, the curent account deficit fell to USD 32,192 million in 2015.

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