Interest rate
Hope springs eternal at Spring Meetings
I was in Washington D.C. from April 13 to 19 for the 2015 Spring Meetings of the World Bank Group and the International Monetary Fund. I summarized my first impressions in my April 17 column. I now would like go through the whole nine yards.
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Turkey's Central Bank to try secondary measures
The Central Bank?s April Monetary Policy Board meeting will be held today on April 22. The fluctuations in the foreign exchange (forex) rates are continuing but the Central Bank is not expected to increase rates to stop this.
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Turkey's Central Bank leaves rates unchanged amid pressure
Turkey?s Central Bank left interest rates on hold on March 17 as the lira?s slide to record lows risked stoking inflation, resisting pressure from political circles to cut rates ahead of a June election.
Markets take RTE to school
Governor Erdem Ba?ç? and economy tsar Ali Babacan paid a visit to President Recep Tayyip Erdo?an and his top economic advisers on March 11 to discuss the supposedly-independent Central Bank?s monetary policy.
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Why are Turkish politicians incompetent?
?Highly illogical!? As a response to my latest column, a reader used Mr. Spock?s catchphrase to pay homage to Leonard Nimoy, who passed away on Feb. 27.
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Turkey's lira weakens to record low above 2.53 against dollar
The Turkish lira weakened to a record low above 2.53 against the dollar March 3, extending losses on the back of U.S. currency strength but with concerns about government pressure on the Central Bank to cut rates continuing to weigh on sentiment.
Economy administration should 'get its act together,' says President Erdo?an
President Recep Tayyip Erdo?an has further ramped up his criticism of Central Bank Governor Erdem Ba?ç? and the economy administration, saying ?they should get their act together.?
Interest rate-foreign exchange rate conflict under the shadow of politics
In Turkey's economic agenda, as in several other emerging countries, there has been a conflict going on for a long time about the price of the interest rate and foreign currency.
Turkish Central Bank Governor dismisses resignation rumors
Turkish Central Bank Governor Erdem Ba?ç? sought to calm jittery investors on Feb. 27, dismissing rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.
Should everyone but Erdo?an shut up?
Right after the Turkish Central Bank lowered its interest rate by another 0.25, the same as last month, reporters asked Prime Minister Ahmet Davuto?lu what he thought.
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