Turkey
People: Former DNB chief Knot joins Systemic Risk Council
Plus appointments at BIS Innovation Hub and Turkish central bank
Obituary: Süreyya Serdengeçti, 1952–2025
Governor of Turkey’s central bank whose policies brought inflation down from 75% to single-digit figures
Turkey cuts for first time since March’s political turmoil
CBRT reduces rates by 300bp to 43% and vows to maintain “tight” policy stance
Judy Shelton on gold, tariffs and where the Fed went wrong
The potential successor to Jerome Powell discusses why she thinks the Fed is too powerful, why her stance on gold is not a ‘crank’ position, and why she feels events have vindicated her and president Trump on the need for rate cuts
Turkey stresses vigilance amid progress in disinflation
Central bank emphasises firm monetary stance despite cooling inflation
Turkey holds policy rate at 46% as inflation trend moderates
MPC maintains tight stance to anchor disinflation and restore price stability
Turkish central bank raises reserve requirements
Move comes as governor says bank will maintain tight monetary stance
Mr Bessent goes to Basel: the fate of global bank regulation
US resistance to international standards could spark greater fragmentation of prudential rules
Turkey and Kazakhstan agree currency swap line
Central bank governors sign deal worth $730m in Washington
Turkey reverses easing cycle by raising policy rate to 46%
Central bank makes further attempt to calm markets following opposition leader’s arrest
Turkey raises overnight lending rate in emergency move
Central bank tries to protect lira after opposition figure’s arrest triggers fall in currency
CBRT says protectionism may drive up inflation
In MPC meeting minutes, central bank says tight policy has supported disinflation seen thus far
Turkey cuts rates as official inflation figure dips below 40%
However, level of price rises remains well above central bank’s 5% target
Consumption by rich fell sharply post-tightening – CBRT study
Research by Turkey’s central bank finds rate hikes caused wealthy to spend less and save more
EMs resilient to US monetary spillovers, panellists say
Turkish and Thai governors discuss policy challenges at IMF conference in Saudi Arabia
Annual inflation in Turkey falls, but monthly inflation surges
Independent body estimates actual figure to be much higher than official statistics
Turkey’s central bank cuts rates by another 250bp
Second consecutive reduction comes despite inflation remaining at 44%
Turkey makes 250bp cut
MPC narrows rate corridor by 300bp as inflation shows signs of cooling
Turkey holds rates at 50% for eighth consecutive month
Analyst says central bank’s cautious positivity about disinflation points to December cut
Inflation in Turkey drops in October
However, pace of disinflation remains slow
Turkey holds rates for seventh consecutive time
Decision comes after monthly inflation ticked up in September