Murat Çetinkaya
How Turkey’s president created chaos in economic policy-making
Observers allege presidential domination of the central bank, unauthorised FX transactions and untrustworthy statistics
Turkish president fires third central bank governor in a row
Former politician becomes governor days after MPC raises rates; lira falls sharply
Turkish central bank announces large rate rise
MPC says tighter monetary policy will be “sustained decisively” as official figures show inflation rising
New Turkish governor presides over sharp rate rise
Erdoğan changes rhetoric to say country must be prepared to swallow “bitter pill” to beat inflation
Turkish finance minister quits after president fires governor
Finance minister resigns before new governor signals he will consider raising policy rates
Turkish central bank tries to tighten policy without hiking rates
Currency continues to slide as data shows central bank’s FX reserves fell by one-sixth in 12 months
Turkish central bank raises rates unexpectedly
President Erdoğan dismissed previous governor for tightening monetary policy
Turkish central bank issues brief statement as lira hits record low
Lira hits lowest-ever level against dollar and euro as central bank’s response remains unclear
Turkish central bank cuts rates again
CBRT makes ninth consecutive cut since July 2019 but analyst warns strategy is “unsustainable”
Turkish central bank keeps cutting rates despite higher inflation
Cut brings Turkish real rates into negative territory as currency renews slide against dollar
Turkish central bank makes fourth rate cut in six months
Central bank has reduced rates by 850 basis points since president dismissed last governor
Turkish central bank faces sluggish economy and political pressure
Updated policy framework includes major increase in MPC meetings, but few other changes
Turkish central bank supplies lire through stock exchange
Governor acknowledges unconventional short-term liquidity provision, as traditional repo operations come to a halt
Central banks face loss of independence – Central Banking survey
A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits
Turkey increases reserve requirements on forex deposits
Authorities aim to discourage citizens from transferring their assets into other currencies, weakening the lira
New Turkish governor hints at willingness to cut rates
Monetary policy has “room for manoeuvre”, Murat Uysal says ahead of next week’s meeting
Turkish governor is dismissed after clash with president
Erdoğan says governor refused his demands to cut rates, local media reports
New Turkish governor accused of plagiarism
Turkish writers accuse new governor of having plagiarised master’s thesis from three papers
CBRT cuts reserve requirements, but stresses tight stance
Liquidity tools are more about transmission than policy stance, says Murat Çetinkaya
Turkish deputy governor resigns to join development bank
Erkan Kilimci was appointed to role in May 2016 and held MPC seat
Turkish inflation forecasts leap after overshoot
Governor says inflation will converge to target in long run, despite being far above forecast bands