Turkey's Central Bank

Turkey's Central Bank expects economic growth to remain robust in the third quarter following a 5.1 percent growth rate in the second quarter.    
   
Minutes of its latest Monetary Policy Committee meeting were released on Sept. 21.

The committee decided to keep short-term interest rates steady last week.        

Turkey's consumer confidence index was higher month-on-month in July, data from the Turkish Statistical Institute (TÜİK) revealed on July 20.        

Turkey's Central Bank maintained interest rates on June 15.

It is unacceptable for Turkey to see double-digit inflation rates, a top official has admitted, adding that the government's food committee would soon hold a meeting to take immediate measures to ease skyrocketing food prices. 

"This is an unacceptable situation," Deputy Prime Minister Mehmet Şimşek said at a meeting in Istanbul on May 5. 

Turkey's annual inflation rate increased in April, reaching its highest level in around nine years, as a result of a weak Turkish Lira in several sectors, according to official data released on May 3. 

Turkey's annual inflation rate increased in April, reaching its highest level in around nine years, as a result of a weak Turkish Lira in several sectors, according to official data released on May 3. 

Turkey's Central Bank raised its inflation forecasts for this year and 2018 on April 28, saying it was ready to tighten policy further if needed, while adding that it was confident its recent steps would start to bear fruit in the months ahead, Reuters has reported. 

Turkey's Central Bank has been oscillating between addressing the country inflation and trying to spur growth but will ultimately have to choose one unless it undertakes major reforms, according to a lecturer at Koç University.

Turkey's Central Bank bank governor signaled on Jan. 31 that its unorthodox steps to manage sharp falls in the Turkish Lira were working and would continue until the inflation outlook shows a significant improvement.

Turkey's Central Bank has signaled it will continue to adopt unorthodox ways to support the Turkish Lira, while also revising its inflation forecasts upward.