Turkey
Interest rate round-up
A number of central banks adjusted their interest rates in the last week, some in line with market expectations and others providing a surprise.
Turkey gains monetary credibility
Nick Carver reports on Turkey’s struggle for monetary credibility and its plan to celebrate with a new lira: is it too good to be true?
IMF says Turkey's cb independence important
A report on Turkey's performance under the most recent International Monetary Fund-supported economic program praised Turkey and its central bank for reducing the inflation rate to single-digits.
Turkey's cb chief warns over austerity measures
Turkish central bank chief Sureyya Serdengecti said on Wednesday 28 July that Turkey has to continue the International Monetary Fund (IMF) deal under the current circumstances or risked a return to economic instability.
Central Bank of Turkey - Annual Report 2003
The Central Bank of Turkey has published its Annual Report for the year ended 2003. Although the formation of a new Government partially alleviated the domestic political uncertainties, the worries over the Iraqi operation in March 2003 and the…
Turkey to introduce new lira notes
Turkey has already completed the printing of the first run of the new one lira note and delivered them to branches of the Central Bank, the deputy chairman of the Turkish Central Bank announced on Thursday 1 July.
Academics agree with Turkish cb chief on ex rate
Turkish academics have agreed with central bank governor Sureyya Serdengecti that a risk to the exchange rate exists in the market posing a significant obstacle to stability, according to the Turkish Daily News.
Serdengecti on an overview of the Turkish economy
In a speech made in London Wednesday 18 June, Sureyya Serdengecti of the Central Bank of Turkey said formal inflation targeting will be adopted when conditions allow. Including a favourable internal environment, sustained fiscal discipline, reduction in…
Central Bank of Turkey - Annual Report 2002
The Central Bank of Turkey has published its Annual Report for the year ended 2002. In spite of the political uncertainty and the November elections, the financial stability maintained throughout the year supported economic recovery, the report says.
Turkish exporters blame c bank for FX drop
After criticism from the prime minister, the central bank of Turkey has received more stick, according to NTV television, this time from disgruntled exporters who blame the central bank for the drop in the US dollar.
Turkish PM blames central bank over exchange rate
The Turkish prime minister has apparently laid blame for the fall in the countries exchange rate at the door of the central bank, according to NTV Televsion, Turkey. He said that having to cut interest rates made it even more difficult to raise the…
Turkey, Kazakhstan sign banking sector memorandum
Turkey's Banking Regulation and Supervision Agency and the central bank of Kazakhstan have signed a memorandum of understanding in the line of the joint goal of ensuring financial system stability, according to the anatolia news agency.
Interview: Fatih Özatay
The vice-governor of the Central Bank of the Republic of Turkey explains how the war in Iraq has affected the central bank and discusses its approach to inflation targetting.
Central banks in transition
– Kazakhstan, Georgia and Turkey –
Central bank governor says Turkey doing well
The governor of Turkey's central bank said on Wednesday 30 April that political tensions should not be allowed to influence the economy, according to aMSNBC report.
Turkey: cb governor briefs cabinet re Iraq
The governor of the central bank of Turkey has briefed the Council of Ministers on the economic situation and the impact on the Turkish economy of the recent conflict in Iraq, according to a report on TRT 2 TV in Turkey, Reduced uncertainly, he said,…
IMF Managing Director Issues Statement on Turkey
Turkey has finally fulfilled the conditions for obtaining its latest loan tranche from the IMF. The letter of intent sets out further reforms aimed at fixing shaky public finances and transforming the state dominated economy into a free market system.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In an exclusive interview with CentralBankNet.com, Professor Fatih Ozatay, the vice-governor of the Central Bank of the Republic of Turkey, explains how the war in Iraq is affecting the central bank, and what it is doing to mitigate…
Turkish bank governor denies difference with gov't
Turkey's central bank chief Sureyya Serdengecti denied reports on Monday that the central bank had differing views on the economy from the government position on economic issues.
Turkish cen bank ready for US operation on Iraq
Turkey's central bank governor Sureyya Serdengecti said Tuesday that the central bank was fully prepared for the possible economic fallout of a United States operation against Iraq.
Turkish central banker determined to hit CPI goal
Turkey's new government has little opportunity to alter economic targets under a program of reforms backed by the International Monetary Fund, the country's central bank governor said in an interview Friday.
Bomb blast outside Turkey's central bank
TURKEY - An explosion occurred in front of office of the central bank in the Fatih district of Istanbul at about 1140 pm on Tuesday.
Central Bank of Turkey - Annual Report 2001
ANNUAL REPORT - The Central Bank of the Republic of Turkey has posted its annual report for 2001 onto its website today.
Increased hope that Turkey soon out of recession
TURKEY - A much sharper than expected rise in industrial output in Turkey has raised hopes that the country could soon recover from a deep recession. Industrial output rose 14.1% in April from a year earlier, well above a growth rate of 7.8% as predicted…