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.
Turkey raises rates to 16.25%
The Central Bank of Turkey added 50 basis points to the cost of borrowing on Monday in its first policy vote since abandoning its 4% inflation target.
Turkey forced to revise inflation target
The Central Bank of Turkey has admitted defeat over plans to reach its proposed 4% inflation target in the medium term.
Turkish inflation back in double digits
The Central Bank of Turkey looks set to hike rates again after inflation rocketed to 10.74% in the year to May, up from 9.25% the previous month.
Turkey shifts stance on rates
Turkey has leapfrogged Iceland as the European state with the highest interest rate after the country's central bank backed a 50 basis-point hike on Thursday.
I won't intervene in central bank policy:Turkey PM
Recep Tayyip Erdogan, Turkey's prime minister, has said that the government will not involve itself in central bank policy.
Monetary policy alone cannot curb inflation
Monetary policy must be coupled with other economic measures if inflation is to be contained, Durmus Yilmaz, the governor of the Central Bank of Turkey, said.
Turkey appoints new deputy
Mustafa Ibrahim Turhan, a board member of the Central Bank of Turkey, will become one of four of the institution's deputies.
Turkey to review inflation target
The Central Bank of Turkey will consider revising its inflation target towards the end of this year, the minutes of its April rate-setting meeting show.
Turkish inflation to exceed target this year
Turkish inflation is likely to be above the central bank's 4% target in 2008 unless there is a drastic slowdown in agflation.
Turkey holds rates, signals tightening
The Central Bank of Turkey held rates for the second-straight month on Thursday but indicated that it was more likely to raise, than reduce, borrowing costs in May.
Turkey's Yilmaz on managing inflation expectations
New communication tools have played an essential role in managing inflation expectations in Turkey, said Durmus Yilmaz, the governor of the central bank.
Turkish disinflation delayed by global conditions
Rising global uncertainty and rampant food and energy price growth may lead to some delay in reaching the inflation target, the March Monetary Policy Committee Meeting minutes of the Central Bank of Turkey state.
Turkey keeps rates on hold
The Central Bank of Turkey has left rates unchanged for the first time in seven months.
Yilmaz on the causes of Turkey's economic rise
The strong performance of the Turkish economy over the past six years can be attributed to the country's ambitious structural reform agenda, stated Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey.
Turkey reveals rationale for latest cut
The Central Bank of Turkey lowered rates for the sixth straight month in February because monetary policy still supported disinflation, the minutes of the meeting show.
Turkish governor defends policy framework
Turkey's central bank should keep its policy framework although inflation targets have been missed two years in a row, said Durmus Yilmaz, the governor.
Turkey continues cutting rates
The Central Bank of Turkey has voted to cut rates for the sixth straight month.
Turkey continues to cut rates
The Central Bank of Turkey's monetary policy committee voted on Thursday to lower its benchmark overnight borrowing rate by 25 basis points to 15.5%.
Turkish central bank set for Istanbul move
The Central Bank of Turkey will relocate to Istanbul in spite of objections from the institution's staff, Recep Tayyip Erdogan, Turkey's prime minister said on Thursday.