Turkey
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…
Reform delay could harm Turkey's stability
Turkish central bank governor Sureyya Serdengecti said in an interview with the Financial Times that a further delay in completing reforms tied to a new $10bn loan deal with the IMF could put the country's economic stability at risk.
ADB looking forward to Turkey hosting meeting
The Asian Development Bank said on Tuesday 8 March that it is looking forward to Turkey hosting the Bank's next Annual Meeting in Istanbul.
Turkey to join inflation targeters in 2006
Turkey's central bank will start "formal" inflation targetting in 2006, according to its Monetary and Exchange Rate Policy document for 2005.
Interest rate round-up
A number of central banks adjusted their interest rates in the last week, some in line with market expectations and others providing a surprise.
Turkey gains monetary credibility
Nick Carver reports on Turkey’s struggle for monetary credibility and its plan to celebrate with a new lira: is it too good to be true?
IMF says Turkey's cb independence important
A report on Turkey's performance under the most recent International Monetary Fund-supported economic program praised Turkey and its central bank for reducing the inflation rate to single-digits.
Turkey's cb chief warns over austerity measures
Turkish central bank chief Sureyya Serdengecti said on Wednesday 28 July that Turkey has to continue the International Monetary Fund (IMF) deal under the current circumstances or risked a return to economic instability.
Central Bank of Turkey - Annual Report 2003
The Central Bank of Turkey has published its Annual Report for the year ended 2003. Although the formation of a new Government partially alleviated the domestic political uncertainties, the worries over the Iraqi operation in March 2003 and the…
Turkey to introduce new lira notes
Turkey has already completed the printing of the first run of the new one lira note and delivered them to branches of the Central Bank, the deputy chairman of the Turkish Central Bank announced on Thursday 1 July.
Academics agree with Turkish cb chief on ex rate
Turkish academics have agreed with central bank governor Sureyya Serdengecti that a risk to the exchange rate exists in the market posing a significant obstacle to stability, according to the Turkish Daily News.
Serdengecti on an overview of the Turkish economy
In a speech made in London Wednesday 18 June, Sureyya Serdengecti of the Central Bank of Turkey said formal inflation targeting will be adopted when conditions allow. Including a favourable internal environment, sustained fiscal discipline, reduction in…
Central Bank of Turkey - Annual Report 2002
The Central Bank of Turkey has published its Annual Report for the year ended 2002. In spite of the political uncertainty and the November elections, the financial stability maintained throughout the year supported economic recovery, the report says.
Turkish exporters blame c bank for FX drop
After criticism from the prime minister, the central bank of Turkey has received more stick, according to NTV television, this time from disgruntled exporters who blame the central bank for the drop in the US dollar.
Turkish PM blames central bank over exchange rate
The Turkish prime minister has apparently laid blame for the fall in the countries exchange rate at the door of the central bank, according to NTV Televsion, Turkey. He said that having to cut interest rates made it even more difficult to raise the…
Turkey, Kazakhstan sign banking sector memorandum
Turkey's Banking Regulation and Supervision Agency and the central bank of Kazakhstan have signed a memorandum of understanding in the line of the joint goal of ensuring financial system stability, according to the anatolia news agency.
Interview: Fatih Özatay
The vice-governor of the Central Bank of the Republic of Turkey explains how the war in Iraq has affected the central bank and discusses its approach to inflation targetting.
Central banks in transition
– Kazakhstan, Georgia and Turkey –
Central bank governor says Turkey doing well
The governor of Turkey's central bank said on Wednesday 30 April that political tensions should not be allowed to influence the economy, according to aMSNBC report.