Turkey
Turkish minutes flag instability in lending markets
Minutes from Turkish central bank's May meeting show policymakers fixed one week repo rate at 7% to reduce fluctuations in lending markets
Turkey’s Yilmaz keen on second tool for central banks
Governor of Turkey’s central bank Durmus Yilmaz argues that a dual mandate is conceivable if additional tools are available
Turkey sanguine on inflation
Turkey’s 2010-11 inflation report shows price pressures continued to rise during the first quarter of the year, but that these were cost-push rather than demand-driven pressures
Turkish study shows economic impact of oil shocks
Central Bank of Turkey paper shows that oil prices have similar impact both globally and on small oil-importing economy
Turkey’s inflation forecast unchanged despite hike
The Central Bank of Turkey’s quarterly Inflation Report shows inflation hike end-2009 temporary
Turkey gets sovereign debt, currency upgrades
Fitch Ratings raises Turkey’s long-term sovereign debt and currency ratings to BB+, taking them just outside investment grade
Turkish credit conditions improving
Central Bank of Turkey’s policy minutes show strains in the country’s credit markets are easing
Turkey trims by quarter point
Central bank sticks to October hints by reducing size of cuts; OECD and government data show growth will pick up but unemployment still high
Turkey can do without Fund’s loans – Yilmaz
Central Bank of Turkey’s Durmus Yilmaz says improving balance of payments means it may not need IMF loans in the future
Turkey’s Turhan: globalisation needs legislative underpinning
Central Bank of Turkey’s Ibrahim Turhan on global economic order
Recession-hit Turkey cuts rates
Central bank surprises markets with a half-point reduction
Bosnia, Turkey sign supervisory MoU
The central banks of Bosnia and Herzegovina and Turkey have agreed to share information on banks operating in both jurisdictions.
Turkey explains another cut
The Central Bank of Turkey cut rates by 50 basis points in May as data offered no signs of recovery in economic activity of employment, the minutes for the 14 May meeting reveal.
Turkey's strength is its financial system: Yilmaz
The key factor enhancing the resilience of Turkish economy to the global crisis is the stability achieved in Turkey's financial system, said Durmus Yilmaz, the governor of the country's central bank.
Turkey on target to meet price goals
The Central Bank of Turkey believes it is on course to meet its inflation targets for the next three years.
Turkey and the crisis
Monetary authorities in countries like Turkey, where relatively low increases have been observed in risk premia, have been able to cuts rates significantly, explained Durmus Yilmaz, the governor of the country's central bank.
Turkey justifies cut to record low
The Central Bank of Turkey cut rates by 100 basis points to an all-time low earlier this month on signs that the global economic outlook continued to deteriorate and the depression was expected to be long lasting, the minutes for the 19 March meeting…
IMF to loan Romania $17.5 billion
The International Monetary Fund (IMF) has agreed a $17.5 billion loan to Romania to cushion the rapid withdrawal of capital from the eastern European economy.
Turkish rates hit record low
The Central Bank of Turkey's decision to lower its benchmark rate by a full percentage point on Thursday took borrowing costs in the country at an all-time low.
Turkey justifies steep cut
The Central Bank of Turkey cut rates by 150 basis points last month on signs that inflation would undershoot its 7.5% target for this year, the minutes for the 19 February meeting reveal.
A new model of housing cycles
A new paper from the Central Bank of Turkey presents a simple model of housing cycles in a two good economy.
Central Bank of Turkey - Inflation Report
Turkish inflation is likely to undershoot the 7.5% inflation target in 2009, notes the Central Bank of Turkey's January Inflation Report.
IMF to revise figures on worsening outlook: DSK
The economic crisis is deepening and the International Monetary Fund (IMF) will lower its growth estimates as a result, Dominique Strauss-Kahn, the managing director at the Fund, has said.