Turkish Central Bank
Central Bank net reserves may turn positive: Goldman Sachs
The Turkish Central Bank's net reserves are likely to turn positive in 2024, according to analysts at Goldman Sachs.
In a note on the Central Bank's latest rate decision, Goldman Sachs said that it expects rising foreign inflows and a narrower current account deficit to pull the rate of Turkish Lira appreciation further inside the forwards in 2024.
Central Bank’s reserves reach new record level
The latest data have shown that the Turkish Central Bank's gross reserves have climbed to a new all-time high.
The bank's gross reserves increased from $136.5 billion on Nov. 24 to $140.2 billion on Dec. 1.
Foreign currency reserves rose from $91 billion to $93.2 billion, while gold reserves climbed from $45.5 billion to $46.9 billion.
- Read more about Central Bank’s reserves reach new record level
- Log in to post comments
Increase in net reserves encouraging, says Şimşek
The Turkish Central Bank's international reserves rose from $98.5 billion on May 26 to $108.6 billion on June 30, while the net reserves improved by $14.2 billion over the same period, Treasury and Finance Minister Mehmet Şimşek said on July 11.
- Read more about Increase in net reserves encouraging, says Şimşek
- Log in to post comments
Annual inflation eases for sixth consecutive month
Falling for a sixth consecutive month, Türkiye's annual consumer inflation rate slowed to a 16-month low of 43.68 percent in April, according to official data released yesterday.
April's figure, announced by the Turkish Statistical Institute (TÜİK), was down from 50.51 percent in March.
The inflation rate was 69.97 percent in April 2022.
- Read more about Annual inflation eases for sixth consecutive month
- Log in to post comments
Central Bank keeps interest rate stable at 8.5 percent
The Turkish Central Bank on April 27 held its interest rate at 8.5 percent in its Monetary Policy Committee's (MPC) meeting.
Saudi Arabia makes a $5 bln deposit at Central Bank
The Saudi Fund for Development (SFD) and the Turkish Central Bank have signed an agreement for the SFD to make a 5$5 billion deposit in the bank.
Central Bank keeps policy rate stable at 9 percent
The Turkish Central Bank on Jan. 19 held its policy rate at 9 percent for s second month in its Monetary Policy Committee's (MPC) first meeting of the year.
The bank has reduced interest rates by 500 basis points from August to November.
- Read more about Central Bank keeps policy rate stable at 9 percent
- Log in to post comments
Central Bank ‘focusing on permanent long-term solutions’
The Turkish Central Bank is using a determined strategy to ensure a consistently rising interest in the Turkish Lira, Şahap Kavcıoğlu, the bank's governor, has said.
Historic bank’s vault to be demolished due to security concerns
Once the extraordinary measures against a robbery attempt had been revealed during the restoration of the Turkish Central Bank's branch in the southern province of Antalya, the head office has requested to demolish the vault as it could pose a risk to other branches.
Türkiye’s annual inflation at 79.6 percent
Turkish inflation rose to a fresh 24-year high of 79.6 percent in July, official data showed yesterday.
Month-on-month, consumer prices rose 2.37 percent in July, the Turkish Statistical Institute (TÜİK) said. Annually, consumer price inflation was forecast to be 80.5 percent.
- Read more about Türkiye’s annual inflation at 79.6 percent
- Log in to post comments