Turkish inflation unexpectedly accelerated in August as a weaker lira pushed up the cost of imported goods.
Turkey’s two-year interest-rate swaps fell as a manufacturing gauge moved lower and Istanbul city data suggested inflation may have peaked.
Turkey plans to clarify what is considered criminal under legislation that provides for imprisonment for certain financial commentary, HaberTurk reported, citing Capital Markets’ Board Chairman Vahdettin Ertas.
European Central Bank President Mario Draghi is proving to be an ally of investors in Turkish lira government bonds.
"If the developed world recovers, Turkey would be more vulnerable to outflows as the market does not believe they're in a position to hike rates and defend the currency."
- Tatha Ghose on Nov 02, 2014