Turkish Central Bank

The Turkish Central Bank's reserves amounted to $82.7 billion at the end of November, the bank announced on Dec. 28. 

Total reserve assets fell 2.2% in November from the end of October, according to the bank's international reserves and foreign currency liquidity report.

The Turkish Central Bank is aware of its responsibility in reaching the medium-term inflation target of 5%, said Governor Naci Ağbal on Dec. 25.

The bank will implement all aspects of the inflation-targeting framework, he said at his presentation to the committee on planning and budget of the Grand National Assembly of Turkey.

The Turkish Central Bank on Dec. 24 announced an interest rate hike of two percentage points, above market expectations.

The bank's policy rate - also known as the one-week repo rate - rose to 17 percent, up from 15 percent, the bank said in a statement.

Consumer confidence in the Turkish economy in December stood at the same level with the previous month, the country's statistical authority announced on Dec. 21.

The consumer confidence index was 80.1 this month, the Turkish Statistical Institute (TÜİK) said.

The outstanding short-and long-term debts of Turkey's private sector posted declines this October, the Turkish Central Bank said on Dec. 16. 

The private sector's short-term overseas loans - excluding trade credits - were $7.9 billion in October, down $845 million compared to the end of the last year.

Turkey's current account balance posted a deficit of $273 million in October, bringing 12-month rolling deficit to $33.79 billion, the Turkish Central Bank revealed on Dec. 11. 

The figure was a $2.74-billion surplus in the same month last year, while it was down from $1.8 billion deficit previous month, the bank said.

The Turkish Central Bank's official reserve assets grew 6.1% month-on-month to reach $84.5 billion in October, according to data released on Nov. 27. 

Foreign currency reserves- in convertible foreign currencies- increased by 12.4% to hit $40.8 billion, according to the bank's international reserves and foreign currency liquidity report.

The Turkish Central Bank on Nov. 26 increased its lira swap sale limits from 50% to 60%.

The bank raised the swap auctions limit in the Turkish Lira Swap Market for Foreign Exchange, according to information received by Anadolu Agency.

Previously, the bank had increased the limit from 40% to 50% in May.

The limit has been increasing gradually since last April from 20%.

Turkey's current account balance is expected to show a deficit of $3 billion on average in June, according to an Anadolu Agency survey on Aug. 12. 

The country's balance of payments figures for June will be released by the Turkish Central Bank on Friday, Aug. 14.

Turkey's current account balance posted a $5.06 billion gap in April, widening from a $469 million deficit in the same month last year, the Turkish Central Bank announced on June 12.

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled $3.3 billion.