Durmus Yilmaz
Turkey holds rates
The Central Bank of the Republic of Turkey decided to keep its short-term interest rates unchanged on Tuesday.
Turkish central bank urges spending reduction
The governor of Turkey's central bank, Durmus Yilmaz, said that the bank had found "gaps" in the country's budget forecasts during the recent election campaign, and urged the government to cut its spending.
IMF: Turkish CB independence essential for IT
The independence of Turkey's central bank is essential for the success of inflation targeting, the IMF said in its 2007 article 4 report.
Inflation expectations contained - Turkey's Yilmaz
Speaking at a conference celebrating the 75th anniversary of the Central Bank of the Republic of Turkey, governor Durmus Yilmaz said the central "strong reaction" to financial turmoil in 2006 "have contained inflation expectations" and that these will …
Turkey's Yilmaz issues inflation warning
Inflation is expected to exceed the 4% target set by the government for the end of the year, Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey, has told the country's cabinet.
Yilmaz on the economic outlook for Turkey
In the speech 'Economic outlook for Turkey' given on 11 January (published 23 March) Durmus Yilmaz of the Central Bank of the Republic of Turkey said as a result of the process of structural change and the progress obtained in macroeconomic conditions in…
Yilmaz on Turkey's monetary & exchange rate policy
In the speech 'Turkey's monetary and exchange rate policy for 2007' given on 13 December Durmus Yilmaz of the Central Bank of Turkey said the central bank deems the stability and development of financial markets as a supporting objective for the…
Turkey's Yilmaz on dollarization
In the speech 'Dollarization - consequences and policy options' given on 14 December Durmus Yilmaz of the Central Bank of Turkey said it is apparent that the level of dollarization in Turkey is still high, which is an important challenge for monetary…
Turkey's Yilmaz: Economic crisis out of question
"The current account deficit which has been rising due to high economic growth should be monitored closely," Turkish central bank Governor Durmus Yilmaz has indicated at a news conference Monday 4 December.
Turkish rates stable despite high inflation
The Turkish central bank announced on 23 November that it will keep its policy rate unchanged at 17.5% and the lending rate at 22.5% after its penultimate monetary policy committee meeting for 2006.
Turkey's Yilmaz says price stability not ensured
In a speech to industrialists Turkey's central bank chief, Durmus Yilmaz, said inflation rates have turned out to be below expectations in October and created an optimistic mood, but cautioned it is not time yet for festivities.
Turkey's Yilmaz says inflation target not changing
Durmus Yilmaz, head of the Central Bank of Turkey, told a press conference at the presentation of its 2006 inflation report Tuesday 31 October that changes to Turkey's inflation target could hurt the credibility of the central bank.
Turkey's Yilmaz on necessity of stable prices
"Nothing is possible without price stability. If price stability is settled, economic growth and employment will be assured," Central Bank of Turkey president Durmus Yilmaz told reporters after a meeting he attended in Ankara Chamber of Industry (ASO) on…
Yilmaz on central banking in emerging economies
In the speech 'Central banking in emerging economies - the Turkish experience' given on 12 September Durmus Yilmaz of the Central Bank of the Republic of Turkey said a challenge of central banks in some emerging economies is dollarization.
Turkish central bank could move to Istanbul
"It would take a new law to move the Central Bank of Turkey from Ankara to Istanbul. If the parliament approves such a draft law, the central bank moves to Istanbul," Turkish central bank governor Durmus Yilmaz has said.
Turkey's year-end inflation may double target
Year-end inflation in Turkey is likely to climb to 10.5 pct, double the official target of 5.0 pct, central bank governor Durmus Yilmaz said Friday 28 July.
Comment: Bold CBT holds its breath
After another emergency meeting over the weekend the Central Bank of Turkey has raised interest rates by 225 basis points (bp). This has taken interest rates to 17.25%, following an initial hike of 175 bp earlier this month. Will this bold move make any…
Comment: Emerging market jitters
Emerging markets equities, bonds and currencies have been under severe pressure over the last two weeks. The turning tide will leave a number of central banks uncomfortable, particularly as the favourable conditions of the last 2 and 3 years has actually…
Yilmaz on central bank achievements in Turkey
In the speech 'Central bank achievements and opportunities in Turkey' given on 18 April Durmus Yilmaz of the Central Bank of the Republic of Turkey said turkey has grasped a golden opportunity to get rid of the damage created by inflation with which it…
Turkey to stick with floating lira
The governor of Turkey's central bank said Friday 12 May that the bank would maintain its floating currency system but was closely monitoring foreign currency market developments, the Anatolia news agency reported.
Comment: April in review
April was a particularly eventful month for the International Monetary Fund. The Fund concluded it "spring meeting" in Washington and published new editions of the Global Financial Stability Report and the World Economic Outlook.
Turkey names new central bank governor
Turkish President Ahmet Necdet Sezer approved the government's nominee for central bank governor on Tuesday 18 April after rejecting an earlier candidate, Economy minister Ali Babacan announced.
Comment: New governor for CBRT
The appointment of Durmus Yilmaz as governor of the Central Bank of the Republic of Turkey brings to an end weeks of turmoil as the government struggled to find a successor to the inflation-busting Sureyya Serdengecti.