Tag archive for ‘Central Bank’
By admin On Saturday, November 1st, 2014

Central Bank Governor forecasts 2015 inflation to be 6,1 percent

As Turkey goes through serious political difficulties at its borders with Syria and Iraq and the economy is not comfortable, Turkey’s Central Bank has raised inflation forecasts for this year  and next, citing More...

By admin On Thursday, September 11th, 2014

Başçı: Turkey’s high inflation will start falling when high food prices stabilise

Central Bank of Turkey (CBOT) Governor Erdem Basci said, country’s high inflation would start falling when high food prices stabilise, fuelled by drought, which affected agricultural crop negatively. Basci More...

By admin On Monday, October 22nd, 2012

Report: Economic Indicators of Turkey – October 2012

Down below are the economic indicators of Turkey, reported as of October 2012. This data is compiled from various sources such as reputable banks – and originally from figures announced by TURKSTAT (Turkish More...

By admin On Tuesday, September 11th, 2012

Turkey: Economy grows slower than expected in 2nd quarter

Turkey’s economy grew slower than expected in the second quarter and a deeper slowdown is expected during the rest of the year as domestic demand weakens, raising pressure on the central bank to cut borrowing More...

By admin On Saturday, September 8th, 2012

Report: Brief Look at Turkish Economy – August 2012

We believe the data below would be useful to provide a brief opinion for those who would like to have a quick look at what has been happening in the Turkish economy, recently. Further details can be obtained from More...

By admin On Sunday, July 29th, 2012

Central Bank of Turkey forecasts 6.2 percent year-end inflation

Central Bank Gov Erdem Başçı says that consumer inflation may take a downward path after it rose in June. The bank forecasts 6.2 percent year-end inflation. AA photoThe Turkish Central Bank has revised down its More...

By admin On Friday, May 4th, 2012

Turkey’s annual inflation rises to 11.14 percent in April

Turkish official inflation rises to 11.1% in April Turkey’s annual inflation rose to 11.14 percent in April after holding steady at 10.43 percent for two months, the national statistics office said Thursday. ANKARA- More...

By admin On Saturday, March 10th, 2012

Expectation for Turkey’s year-end consumer prices index drops to 7.20 percent in March 2012

Turkey’s year-end CPI expectation down to 7.20 percent The expectation for Turkey’s year-end Consumer Prices Index (CPI) dropped to 7.20 percent, according to the first term survey of expectations in More...

By admin On Friday, February 3rd, 2012

Turkish Central Bank updates yearend inflation as 6.5 percent

The Turkish Central Bank yesterday updated its yearend inflation forecast for 2012 to approximately 6.5 percent from a previous prediction of 5.2 percent. “We predict that the inflation, with a 70 percent probability, More...

By admin On Sunday, January 29th, 2012

Deputy PM Babacan: US$ 3 billion has entered into Turkey in 25 days

$3 billion has entered into Turkey in 25 days, Deputy Prime Minister Ali Babacan has said yesterday, speaking in the town of Davos where capitalism is questioned this year. “We won’t allow economy to More...

By admin On Tuesday, January 17th, 2012

Economic Review of Turkey in 2011 & Forecast for 2012

It is clearly understood from the messages delivered by Central Bank of Turkey that it will be essential to maintain the flexibility  in monetary policies as we are very likely due to face high level of uncertainties More...

By admin On Saturday, January 7th, 2012

Turkish Central Bank head challenges US dollar: Invest in lira in 2012

Central Bank Gov Başçı declares strong commitment to the lira, claiming the currency will be among those rising most this year. Turkey can attract foreign financing as investors are in search for safe havens, More...

By admin On Thursday, January 5th, 2012

Central Bank of Turkey continues direct intervention in the currency market 4th day in a row

Currency wars are spreading throughout the region as Turkey’s Central Bank intervened for a fourthday in the currency markets yesterday amid similar moves by Iran and news that the Hungarian Forintplummeted to More...

By admin On Tuesday, January 3rd, 2012

Turkey’s Central Bank intervenes in currency market selling US$ 650 million

Turkey’s Central Bank intervened again in currency markets in the year’s first trading day, directly selling as much as $650 million to limit the lira’s depreciation. However, the greenback was largely unfazed The More...

By admin On Wednesday, December 28th, 2011

Governor of Turkish Central Bank makes announcement on open market operations

Mr. Erdem BAŞÇI has made a presentation about open market operations the bank is to conduct in 2012. In said presentation the governor has also outlined many important principles as to the planned operation of More...

By admin On Wednesday, December 28th, 2011

CB Governor: Turkey will stand stable despite unglobal certainties

Turkish Central Bank Gov Erdem Başçı pledges a stronger year in terms of stability and predictability, but cannot avoid speaking of increasing global concerns and volatilities. Başçı also says he is against More...

By admin On Tuesday, December 27th, 2011

Central Bank of Turkey to focus on boosting liquidity in 2012

A more flexible monetary policy is very likely to continue in 2012, but the Turkish Central Bank will be more inclined to focus on boosting liquidity, especially with measures on the Lira side, says a high level More...

By admin On Tuesday, December 27th, 2011

Turkey could withdraw its reserves of 23 billion euros from France after the move made by the EU member

The Turkish Central Bank could withdraw its nearly 23 billion euros of reserves from France after the EU member’s recent move to fine any denial of an Armenian ‘genocide’ in 1915, economists tell the Daily More...

By admin On Saturday, December 24th, 2011

Istanbul to become a new finance center in Europe

Turkey is considered to have one of the best developing economies in the world recently. Istanbul on the other hand has grown to be one of the giant metropoles in Europe – and the world. A great majority of industrial More...

By admin On Friday, December 9th, 2011

Turkey: Central Bank predicts inflation will rise in December

The Central Bank of Turkey on Tuesday announced a 1.73 percent rise in the consumer price index (CPI) for November and predicted that the figures on the index will continue to increase in December. Turkey’s More...

By admin On Friday, December 9th, 2011

Central bank forecasts USD 75,1 bln year-end current account deficit

Year-end current account deficit expectation up to 75.1 bln USD The year-end current account deficit projection was up to 75.1 billion USD, according to expectation survey of the Central Bank of Turkey. The bank More...

By admin On Saturday, November 26th, 2011

Turkey: Central Bank moves to a more flexible interest rate policy for clearer signals to the markets

Turkey’s Central Bank, which recently moved to a more flexible interest rate policy, says it will pre-announce a minimum amount of its weekly repo auctions Turkey’s Central Bank will announce a floor for its More...

By admin On Sunday, November 6th, 2011

Turkish lira firmer against the dollar ahead of holiday

The Turkish lira was firmer against the dollar on Friday, supported by demand for the currency ahead of a public holiday next week and as risk appetite was nudged up by hopes Greece will abandon a planned referendum More...