Tag archive for ‘Central Bank’
Regarding Moody’s decision SIMSEK says Turkey's banking sector is healthy & sound
By BTT On Saturday, May 26th, 2018

Turkey’s Deputy PM says “We will not be stubborn with the markets”

Turkish Deputy Prime Minister Mehmet SIMSEK – BusinessTurkeyToday.com   Mehmet SIMSEK (Deputy Prime Minister for the Economy) who is scheduled to go to London next week with Murat CETINKAYA, President More...

US$/TL rate goes down after covered interest rate decision from Central Bank
By BTT On Tuesday, November 21st, 2017

“Exchange rates rise with expectation interest rates will not increase in Turkey”: Experts

Experts in Turkey’s finance sector say that the main factor in the rise of US Dollar against Turkish Lira is the expectation that Turkey’s Central Bank will raise interest rates. They also comment “The More...

How will the new tool to be implemented by CBRT for the exchange rate risk work?
By BTT On Monday, November 13th, 2017

How will the new tool to be implemented by CBRT for the exchange rate risk work?

MURAT ÇETİNKAYA – TURKEY’S CENTRAL BANK GOVERNOR The CBRT (Central Bank of Republic of Turkey) will implement a new product to manage the risk of the real sector in the future.  Forward foreign exchange More...

Economists say Turkey could face difficult times in economy after June 24 elections
By BTT On Monday, November 13th, 2017

Consumer prices go up by 0.65 % and annual inflation climbs to 11.20 percent in Sept 2017

As reported by CBT (Central Bank of Turkey) annual inflation is above 10 percent currently which is something the administration would not be very happy about. In fact, it is also stated by the bank that current More...

By BTT On Wednesday, January 27th, 2016

Turkish Central Bank increases inflation forecast rate to 7.5 for 2016

Mr. Erdem Başçı (Central Bank Governor) announced yesterday that the bank had decided to to increase inflation forecast rate for 2016 from 6.5 to 7.5 percent. This way  Central Bank didn’t revise target at More...

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...

Important data regarding economy and financial markets to be released this week
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...