TRY Forex News
Turkey Maintains Policy Rate At 45% Under New Governor
The Turkish central bank left its benchmark rate unchanged at the first policy meeting under the governorship of Fatih Karahan after a slew of rate hikes, and signaled that the rate will be maintained at the current level or will be tightened further in case of persistent deterioration in the inflation outlook.
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286 days ago
Turkish Central Bank Slows Pace Of Tightening
Turkey's central bank raised its benchmark rate by 250 basis points on Thursday to combat high inflation but the pace of tightening was reduced as policymakers assessed that it is close to the level required to establish the disinflation course. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, governed by Governor Hafize Gaye Erkan, decided to raise the one-w
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349 days ago
Turkish Central Bank Takes U-Turn By Lifting Key Rate By 650 Bps To 15%
Turkey's central bank raised its key interest rate for the first time in more than two years on Thursday, and massively, in the first meeting chaired by its newly appointed chief with the aim of establishing disinflation immediately and anchoring the inflation target. The Monetary Policy Committee, headed by the new Governor Hafize Gaye Erkan, decided to hike the policy rate by 650 bps to 15%.
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531 days ago
Turkish Central Bank Keeps Policy Rate Unchanged At 8.50%
Turkey's central bank maintained its key interest rate for the third straight time at its May meeting on Thursday, and policymakers assessed that the current monetary policy stance is adequate to support the necessary recovery from the outcome of the earthquake by maintaining price stability and financial stability.
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559 days ago
Turkish Central Bank Keeps Key Rate Unchanged For Second Time
Turkey's central bank maintained its key interest rate for the second straight meeting on Thursday ahead of the presidential election on May 14. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, led by Governor Sahap Kavcioglu, left the policy rate, which is the one-week repo auction rate, unchanged at 8.50 percent. The move was in line with expectations.
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587 days ago
Turkish Central Bank Keeps Key Rate Unchanged At 8.50%
Turkey's central bank decided to maintain its key interest rate in its March meeting, as the committee assessed that the current monetary policy stance is adequate to support the necessary recovery in the aftermath of the earthquake by maintaining price stability and financial stability.
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622 days ago
Turkish Central Bank Slashes Key Rate By 50 Bps
Turkey's central bank cut its key interest rate by 50 basis points to 8.5 percent on Thursday, in a bid to support the economy that has been devastated by the most severe earthquake in decades. The bank stressed that it has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the positive trend in employment.
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650 days ago
Turkish Consumer Price Inflation Slows To 57.68%
Turkey's consumer price inflation eased for a third month in a row in January, but remained strong, preliminary figures from the statistical office Turkstat showed Friday. The consumer price index, or CPI, rose 57.68 percent year-on-year following a 64.27 percent increase in December. Economists had forecast 53.5 percent inflation. In the same month last year, inflation was 14.97 percent.
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670 days ago
Turkish Central Bank Unveils 2% Support For Firms Converting Forex From Abroad Into Liras
Turkey's central bank said on Thursday that it will provide an incentive for the conversion of firms' foreign exchange obtained from abroad into Turkish liras to support the "liraization" in commercial activities.
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679 days ago
Turkish Central Bank Holds Key Rate Unchanged For Second Month
Turkey's central bank left its key interest rate unchanged for the second straight month as inflation slowed notably from near 85.0 percent. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or TCMB, decided to hold the policy rate at 9.00 percent. The outcome of the meeting widely matched expectations.
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685 days ago
