Categories Economy HIGHLIGHTS Türkiye records current account surplus for fifth consecutive month Cem CetingucPosted on12 December, 2024 Türkiye’s current account balance recorded another monthly surplus, posting nearly $1.9 billion (TL 66.27 billion) … Continue ReadingTürkiye records current account surplus for fifth consecutive month
Categories Economy HIGHLIGHTS CBRT maintains 50% interest rate for eighth consecutive time Cem CetingucPosted on22 November, 2024 The Central Bank of Turkey kept its interest rate steady at 50 percent in November, … Continue ReadingCBRT maintains 50% interest rate for eighth consecutive time
Categories Finance HIGHLIGHTS Turkey’s Central Bank Gross Reserves Reach $160 Billion:Yilmaz Cem CetingucPosted on12 November, 202412 November, 2024 Turkish Vice President Cevdet Yilmaz announced that the Central Bank of the Republic of Türkiye (CBRT) has raised its … Continue ReadingTurkey’s Central Bank Gross Reserves Reach $160 Billion:Yilmaz
Categories Economy HIGHLIGHTS CBRT keeps rate on hold for seventh straight month Cem CetingucPosted on17 October, 2024 As widely expected, Türkiye’s Central Bank has extended its interest-rate pause for a seventh straight month. The bank … Continue ReadingCBRT keeps rate on hold for seventh straight month
Categories Economy HIGHLIGHTS Türkiye’s FX Reserves Turn Positive After Four-Year Decline Cem CetingucPosted on6 June, 2024 The Turkish central bank’s net international reserves, excluding swaps, rose last week into positive territory … Continue ReadingTürkiye’s FX Reserves Turn Positive After Four-Year Decline
Categories Economy HIGHLIGHTS Garanti BBVA: What to think about Turkey’s current policy mix? Atilla YeşiladaPosted on14 May, 2024 The CBRT signals to remain tight as long as needed, while new fiscal measures signal … Continue ReadingGaranti BBVA: What to think about Turkey’s current policy mix?
Categories Economy HIGHLIGHTS CBRT to decleare $25 bln Loss for 2023 Cem CetingucPosted on17 April, 202417 April, 2024 Türkiye’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its … Continue ReadingCBRT to decleare $25 bln Loss for 2023
Categories Economy General HIGHLIGHTS CBRT tightens monetary policy after rate hikes Cem CetingucPosted on18 March, 2024 Turkey’s central bank is opting for a different monetary tightening method as it grapples with … Continue ReadingCBRT tightens monetary policy after rate hikes
Categories Finance General HIGHLIGHTS ‘The digital TL’ set to be an intermediated CBDS Cem CetingucPosted on22 February, 202422 February, 2024 The digital Turkish lira is set to be an intermediated CBDC with self-sovereign identity and … Continue Reading‘The digital TL’ set to be an intermediated CBDS
Categories Economy HIGHLIGHTS Türkiye’s current account deficit expected to shrink: CBRT data Cem CetingucPosted on13 February, 2024 Türkiye ended 2023 with a lower-than-expected current account deficit of nearly $2.1 billion (TL 64.52 … Continue ReadingTürkiye’s current account deficit expected to shrink: CBRT data
Categories Economy HIGHLIGHTS HYPED Politics Turkey’s economical concerns ahead of presidential runoff Cem CetingucPosted on17 May, 2023 As the Turkish presidential elections head for a runoff between incumbent Recep Tayyip Erdogan and … Continue ReadingTurkey’s economical concerns ahead of presidential runoff
Categories Economy HIGHLIGHTS CBRT eases TL-saving rules even more Cem CetingucPosted on5 April, 2023 In a bid to promote and protect savings, the Turkish central bank has allowed banks … Continue ReadingCBRT eases TL-saving rules even more
Categories General HIGHLIGHTS CBRT’s medium-term inflation target stays the same Cem CetingucPosted on2 January, 2023 The Central Bank has said that under the inflation targeting regime, the medium-term inflation target of 5 … Continue ReadingCBRT’s medium-term inflation target stays the same
Categories Business General HIGHLIGHTS CBRT warns lenders against conducting forex transactions during “off hours” Cem CetingucPosted on4 November, 2022 Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting … Continue ReadingCBRT warns lenders against conducting forex transactions during “off hours”
Categories Economy General HIGHLIGHTS CBRT lifts year-end inflation forecast to 65.2 percent Cem CetingucPosted on31 October, 2022 Turkey’s central bank has lifted its inflation forecast for the end of 2022 to 65.2% … Continue ReadingCBRT lifts year-end inflation forecast to 65.2 percent
Categories Economy General HIGHLIGHTS HYPED Lira’s faith after CBRT rate cut seems ‘unfortunate’ Cem CetingucPosted on21 October, 202221 October, 2022 The USD/TRY price has been in a consolidation phase in the past few months and is hovering … Continue ReadingLira’s faith after CBRT rate cut seems ‘unfortunate’
Categories Economy Finance General HIGHLIGHTS HYPED CBRT cuts interest rate again despite soaring inflation Cem CetingucPosted on20 October, 202220 October, 2022 Turkey’s central bank lowered its benchmark interest rate for the third time in a row … Continue ReadingCBRT cuts interest rate again despite soaring inflation
Categories Economy Finance General HIGHLIGHTS HYPED HSBC: CBRT sold 107 billion dollars in 9 months Cem CetingucPosted on10 October, 202210 October, 2022 According to HSBC Portfolio’s calculations, it is estimated that the Central Bank’s reserves for exchange … Continue ReadingHSBC: CBRT sold 107 billion dollars in 9 months
Categories General CBRT survey reveals Turkey’s year-end inflation is around 58 percent Cem CetingucPosted on23 May, 2022 Expectations for Turkish inflation through the end of this year have ticked higher, a closely … Continue ReadingCBRT survey reveals Turkey’s year-end inflation is around 58 percent
Categories Economy General HIGHLIGHTS Politics CBRT to meet this week for policy rate Cem CetingucPosted on23 May, 2022 Policymakers at Turkey’s Central Bank are set to meet later this week to decide on the key interest rate. … Continue ReadingCBRT to meet this week for policy rate
