Central Bank of Turkey

Turkey's Central Bank cuts interest rates 100 bps

The Central Bank of Turkey on April 22 reduced its one-week repo rate 100 basis points.

The bank's policy rate -- also known as the one-week repo rate -- fell to 8.75% from 9.75%.

The decision came in a statement from the bank's Monetary Policy Committee (MPC) meeting -- the fourth of twelve meetings scheduled for 2020.

Turkey's short-term external debt stock at $122.5 bln

Turkey's short-term external debt stock totaled $122.5 billion as of end of February 2020, the nation's Central Bank revealed on April 17.

Turkey's external debt stock -- maturing within one year or less -- rose by 0.9 percent in February, compared to the end of 2019, according to the Central Bank of Turkey (CBRT).

Central Bank unveils new measures on COVID-19

The Central Bank of Turkey (CBRT) on March 31 introduced new measures to limit the economic fallout from the novel coronavirus pandemic.

The steps aimed to back monetary transmission mechanisms, banks' flexibility in liquidity management, uninterrupted credit flows to the corporate sector, and firms exporting goods and services.

Short-term foreign debt stock reaches $114.6 bln

Turkey's central bank on Jan. 17 reported that the country's short-term external debt stock amounted to $114.6 billion as of the end of November 2019.

The external debt stock -- maturing within one year or less -- increased by 1 percent in November, compared to the end of 2018, according to the Central Bank of Turkey (CBRT).

Current account posts $518 mln deficit in November

Turkey's current account balance saw a deficit of $518 million in November 2019, official figures revealed on Jan. 13.

The balance posted a $1 billion surplus in the same month of 2018, according to the Central Bank of Turkey (CBRT).

The bank's balance of payments figures showed the country's 12-month rolling surplus amounted to $2.7 billion.

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