Şahap Kavcıoğlu

Turkish banking sector is very strong: Central Bank head

The Turkish banking sector is "very strong," said the Central Bank governor on Nov. 25 after meeting with public and private banking officials and bank CEOs.

The Turkish banking sector is also one of the most successful ones in the world, Şahap Kavcıoğlu told a group journalists after the meeting in Istanbul, Turkey's commercial capital.

Turkey appoints new deputy Central Bank governor

Turkey has appointed a new deputy governor to the country's Central Bank and a new member to the bank's Monetary Policy Committee (MPC) while dismissing two deputy governors and one MPC member.

According to a presidential decree early on Oct. 14, Taha Çakmak has been appointed as the new deputy governor of the bank while Yusuf Tuna was appointed as a member of the committee.
 

President Erdoğan receives Libyan premier in Istanbul

Turkey's president on Aug. 7 received the visiting prime minister of Libya.

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Recep Tayyip Erdoğan and Libya's Abdul Hamid Dbeibeh had a one-on-one closed-door meeting at the Vahdettin Mansion in Istanbul that lasted for an hour-and-a-half.

The leaders later attended a meeting between by the countries' delegations.

Ankara in talks with four countries for swap deals

The Turkish Lira cheered Central Bank Governor Şahap Kavcıoğlu's announcement late on June 22 that the country was in talks to secure currency swap agreements with four countries and was close to a deal with two of them.

Kavcıoğlu's remarks came during a meeting with bank executives, according to media reports.

Central Bank raises inflation forecasts for 2021-22

Turkey's Central Bank on April 29 increased the country's year-end inflation forecast to 12.2% for this year, up from 9.4% in its previous report.

The figure is expected to fluctuate between 10% and 14.4% through the end of this year, Şahap Kavcıoğlu, the bank's governor, told a virtual meeting held to release the bank's second quarterly inflation report in 2021.