Turkey
Turkey slashes to record low as growth slumps
The Central Bank of Turkey on Thursday chopped two percentage points off its benchmark rates, taking the measures to their lowest-ever levels.
We should have warned Europe more: IMF's Belka
The head of the International Monetary Fund's European department has acknowledged the Fund failed to adequately warn European states of the risks from the fallout of the financial crisis.
Turkey cuts by 125 basis points
The Central Bank of Turkey cut its key rate by 125 basis points on Thursday after the slowdown in the Turkish economy showed signs of intensifying.
Lithuania, Turkey in talks with IMF
Lithuania and Turkey have both confirmed that they are in talks with the International Monetary Fund (IMF) about possible loans.
Turkey's Yilmaz in call for global LoLR
The most important lesson from the current financial turmoil is the need for a global lender of last resort, said Durmus Yilmaz, the governor of the Central Bank of Turkey.
Turkey justifies November cut
The Central Bank of Turkey's rate-setting committee opted to cut rates earlier this month on signs inflation would fall more rapidly than expected, the minutes of the meeting reveal.
Turkey changes tack and cuts rates
The Central Bank of Turkey has shifted its monetary policy stance and cut rates on signs of slowing growth and below-target inflation in the years to come.
Turkey explains October hold
The Central Bank of Turkey's rate-setting committee in October decided to keep rates on hold as the intensification of the financial turmoil called for a cautious approach, the minutes of the meeting reveal.
Lira's decline won't trigger inflation
The recent depreciation of the Turkish lira will be largely offset by the disinflationary impact of the fall in food and energy prices and weakening domestic demand, states the latest Inflation Report of the Central Bank of Turkey.
Turkey's Yilmaz: FX liquidity support in place
The central bank put into effect measures to support foreign exchange liquidity in the domestic banking system, said Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey.
Central Bank of Turkey - Annual Report 2007
Fiscal policy has made a modest contribution to disinflation in 2007, said Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey, in the latest Annual Report.
Turkey justifies September hold
The Central Bank of Turkey's rate-setting committee in September opted to keep rates on hold despite an improvement in the inflation outlook.
EU candidate countries' financially stable
The financial systems of EU candidate countries Croatia, Macedonia and Turkey are in a good position to resist adverse shocks, according to a new paper from the European Central Bank.
Turkey's Yilmaz on factors influencing food costs
Both supply and demand factors have contributed to the recent surge in food prices, said Durmus Yilmaz, the governor of the Central Bank of Turkey.
Turkey's Yilmaz confident on inflation targets
Inflation targets set for the next three years are attainable even if food and energy prices continue to rise quickly, said Durmus Yilmaz, the governor of the Central Bank of Turkey.
Inflation dynamics in Turkey
A new paper from the Central Bank of Turkey examines monetary pressures and inflation dynamics in the domestic economy.
Fiscal discipline an essential investor benchmark
A country's primary balance - its fiscal balance minus any interest payments - is an important signalling device to investors regarding sovereigns' commitment to repay debts, finds new research form the Central Bank of Turkey.
Turkey: past FX intervention worked
Direct foreign-exchange market interventions carried by the Central Bank of Turkey between 2002 and 2005 led to a fall in predicted volatility in the foreign-exchange market, a new paper from the central bank finds.
Exporting benefits labour productivity
Exporting increases firms' labour productivity, finds a new paper from the Central Bank of Turkey.
Turkey adjusts inflation forecast
Significant increases in the prices of oil and food led to an upward revision in the inflation forecast and mean further monetary tightening will be needed, according to the latest inflation report from the Central Bank of the Republic of Turkey.
Turkish industry's response to competition
Turkish manufacturers reacted to intensive trade competition from low-cost countries and substantial exchange-rate fluctuations during the last decade with increased productivity, product differentiation and wage growth moderation, says a new paper from…
Turkey holds lending rate on liquidity fears
The Central Bank of Turkey continued its rate-tightening run on Thursday by raising borrowing rates by half a point. But volatility in the money markets kept lending rates constant.
On the roots of housing bubbles
Regions or economies with a low share of owner-occupied houses are more prone to housing bubbles that are driven by locally unstable rent dynamics, research published by the Central Bank of Turkey argues.
Turkey will conquer inflation: Yilmaz
The Central Bank of Turkey will not dodge its responsibility for the maintenance of price stability, Durmus Yilmaz, the governor of the institution, stated.