Turkey
Turkish governor name sent to president
Turkish State Minister and Chief Negotiator for EU talks Ali Babacan said on Friday 7 April that the government's decision on the appointment of a new central bank governor will be sent to President Ahmet Necdet Sezer today.
Acting deputy governor appointed in Turkey
The Turkish government has appointed Cigdem Kose, general director of the central bank's markets department, as acting deputy governor after a vice governor retired, the bank said.
Comment: Developments in March
March was an eventful month in central banking circles. The Bank of Japan put an end to its "quantitative easing" policy and attention now turns to the timing of its first interest rate increase.
Turkey's Basci keeps mouth zipped
As the uncertainty over the identity of the next central bank governor continues, Turkey's acting governor Erdem Basci declined to respond to reporters questions on the matter.
Comment: Trouble brews in Turkey
The political row over the appointment of a new governor for the Central Bank of Turkey threatens to disrupt to the country's financial markets. More fundamentally, the mere suggestion that whoever emerges from the episode as the next governor is a…
Turkey: Sezer rejects central bank candidate
Turkish Prime Minister Recep Tayyip Erdogan has said that President Ahmet Necdet Sezer did not ratify the government's candidate for the governorship of the Central Bank of Turkey.
Basci named acting central bank governor
Turkey's central bank vice governor Erdem Basci has been appointed acting governor of the institution, following the end of Sureyya Serdengecti's term as governor, Turkish Daily News reported.
Comment: Serdengecti ousted
The governor of the Central Bank of Turkey, Sureyya Serdengecti's, five year term expired on Tuesday, 14 March and he will not be reappointed. The government is yet to name a replacement, but vice governor, Erdem Basci, appears the most likely candidate.
A dynamic model of central bank intervention
This January 2005 Working Paper from the Central Bank of Turkey examines central bank intervention in foreign exchange markets using a dynamic censored regression model.
Central Bank of Turkey governor named - report
A press report on Thursday 9 March said the replacement has been chosen for Sureyya Serdengecti, after he resigns on 13 March as governor of Turkey's central bank.
Third Euro-Mediterranean central bank seminar
The third Euro-Mediterranean seminar, which brings together Eurosystem and non-euro area Mediterranean central banks, was jointly organised by the Bank of Greece and the European Central Bank and held in Nafplion on 25 January.
Central Bank of Turkey - Annual Report 2004
According to the Central Bank of Turkey's Annual Report 2004, following an era of high and chronic inflation, the stabilization program which started to be implemented in 2001, has been successful in reducing inflation.
Turkey to begin inflation targeting
Turkey plans to adopt formal inflation targeting in 2006, according to central bank governor Sureyya Serdengecti.
Comment: Turkey to target
Governor Sureyya Serdengecti's announcement on Monday 5 December that the Central Bank of Turkey will adopt formal inflation targets from January 2006 marks another step along the road of monetary policy reform that has seen Turkey shrug off its volatile…
Uncertainty over second term for Serdengecti
Turkish economists are asking whether the government will give central bank governor Sureyya Serdengecti a second five-year term to avoid any turmoil in financial markets.
Turkish interest rate cut
The Central Bank of Turkey (CBRT) yesterday, 8 November, cut short-term interest rates by 25 basis points, bringing the overnight borrowing rate and the lending rate to 13.75 percent.
Serdengecti: Hot money flows no threat to Turkey
Turkey's central bank governor is "not scared" of hot money flows to the country, the governor of the central bank, Sureyya Serdengecti said in London on Thursday 27 October.
Comment: Turkey treads path towards EU
The decision by the European Union to open membership talks with Turkey earlier this month is "the end of a long beginning", according to the central bank governor, Sureyya Serdengecti. Nonetheless membership is hardly around the corner.
Krueger on the IMF and price stability
In the speech 'A prize worth having: the IMF and price stability' given on 20 October Anne Krueger of the IMF said the success of Turkish economic reforms in recent years has been beyond all expectations.
Comment: Intervention tightrope
Central bank officials from three of the world's most important emerging markets this week made comments to the effect that they are intervening in foreign exchange markets and could continue to do so in the future. The reasons they put forward for doing…
IMF's Krueger on the future of Turkey's economy
In the speech 'Turkey's economy: A future full of promise' given on 5 May Anne Krueger of the IMF said the need for structural reform is never-ending in the modern global economy and this is true here in Turkey as elsewhere.
Turkey, Kyrgyzstan agree to cooperate
The Turkish Banking Regulation and Supervision Agency (BRSA) signed an agreement with the Central Bank of Kyrgyzstan, the agency said on Wednesday 18 May.
The art of central banking
The Turkish central bank has released a two-volume book introducing Turkish artists and their works that comprise the central bank's art collection.
Turkey's Serdengecti on promised reforms
In an interview published on Wednesday 23 March , the governor of Turkey's central bank, Sureyya Serdengecti, said reforms promised by the ruling AK government - but yet to be finalised - were essential to the bank's continued ability to reduce inflation…