Central Bank of the Republic of Turkey
Central Bank lowers required reserves for FX-protected accounts
The Central Bank has changed reserve requirement ratios in a move that aims to encourage shift to Turkish Lira deposits.
The reserve requirement ratios for FX-protected accounts with maturities up to six months will be reduced from 30 percent to 25 percent, the bank announced on Jan. 30.
Erdogan decries ‘rumors’ after news article about cenbank chief
Turkish President Tayyip Erdogan decried on Wednesday efforts to spread "rumors" meant to undermine economic progress, in an apparent endorsement of Central Bank Governor Hafize Gaye Erkan, who had criticized a recent press report about her family.
Türkiye on track for investment grade rating, says Pimco
Pimco has been wading into Türkiye's bond market, betting that President Recep Tayyip Erdoğan's commitment to a sweeping economic overhaul has set the country on a path to regaining its investment grade credit rating, the Financial Times has reported.
Moody’s revises Türkiye’s outlook to positive
Moody's has revised Türkiye's outlook from stable to positive, citing it as a "decisive change in economic policy," in particular the return to orthodox monetary policy.
- Read more about Moody’s revises Türkiye’s outlook to positive
- Log in to post comments
Şimşek, Erkan to meet investors in US this week
Finance Minister Mehmet Şimşek and Central Bank Governor Hafize Gaye Erkan are scheduled to travel to the United States later this week to meet investors.
As part of the "Investor Day" event to be held on Jan. 11, Erkan will make a presentation to foreign investors on monetary policy and inflation.
- Read more about Şimşek, Erkan to meet investors in US this week
- Log in to post comments
Inflation will continue to decline, says Şimşek
Inflation is high but is moving in line with the economic program, Treasury and Finance Minister Mehmet Şimşek has said, adding that under the current expectations, the decline in inflation will continue.
- Read more about Inflation will continue to decline, says Şimşek
- Log in to post comments
Central Bank will continue to build up reserves in 2024
The Central Bank has said that it will maintain its reserve build-up strategy and ensure continuation of the stable uptrend in international reserves in 2024.
Central Bank lifts key rate for seventh consecutive month
The Central Bank of Türkiye has increased the key interest rate for a seventh consecutive month but said it is nearing the end of the monetary tightening cycle.
As widely expected, the bank hiked the policy rate - the one-week repo auction rate - by 250 basis points to 42.5 percent at the Monetary Policy Committee's last meeting of 2023 on Dec. 21.
Central Bank meets to decide on key interest rate
The Central Bank's Monetary Policy Committee (MPC) is set to convene for the last rate-setting meeting of 2023 on Dec. 21.
The bank is widely expected to increase its main policy rate - the one-week repo auction rate - from the current 40 percent to 42.5 percent.
- Read more about Central Bank meets to decide on key interest rate
- Log in to post comments
Şimşek, Erkan to meet investors in New York
Finance Minister Mehmet Şimşek and Central Bank Governor Hafize Gaye Erkan will travel to New York next month to meet with investors.
As part of the "Investor Day" event to be held on Jan. 11, Erkan will make a presentation to foreign investors on monetary policy and inflation, according to the invitation the Central Bank sent to investors.
- Read more about Şimşek, Erkan to meet investors in New York
- Log in to post comments