Central Bank of Turkey
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.
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Consumer confidence index down in February
The confidence of Turkish consumers in the economy fell 2.7 percent this month, Turkey's statistical authority said on Feb. 20.
On a monthly basis, the index was valued at 57.3 in February, down over one point versus the previous month, the Turkish Statistical Institute (TÜİK) announced.
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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).
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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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Manufacturing capacity use down in December
Turkey's manufacturing sector used 77 percent of its capacity in December, according to a Central Bank survey released on Dec. 26.
The capacity utilization rate (CUR) of the manufacturing sector fell slightly this month, 0.2 percentage point on a monthly basis.
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Turkey's Central Bank cuts interest rates
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Economists expect fall in interest rates
Economists, surveyed by Anadolu Agency on Oct. 21, predicted that the Central Bank of Turkey (CBRT) will further reduce interest rates.
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Turkish Central Bank opens FX gold swap market
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Central Bank enables long-term lira swaps
The Central Bank of Turkey (CBRT) has announced that Turkish lira currency swap transactions would be executed with widened periods.
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Turkish Central Bank raises reserve requirements for FX
The Central Bank of Turkey (CBRT) changed reserve requirement ratios to support financial stability on Aug. 5.