Turkish central bank keeps key rate steady for 6th straight month

Turkey’s central bank held its benchmark policy rate unchanged for a sixth straight month on Thursday, as it reiterated its view that a disinflation process was expected to begin. The Monetary Policy Committee (MPC), led by Governor Şahap Kavcıoğlu, kept the one-week repo rate at 14%, in line with the forecasts of most economists. The … Read more

Turkish central bank to leave rates unchanged for 6th month

Turkey’s central bank is expected to hold its policy rate unchanged for a sixth meeting this week, surveys show, extending a pause in the face of a global tightening cycle and rampant inflation. The one-week repo rate has been kept at 14% since January when the Central Bank of the Republic of Turkey (CBRT) paused … Read more

Inflation top priority as Turkey unveils new steps to shore up economy

Turkey on Thursday and Friday announced several new measures to support the economy, with authorities saying reining in inflation remained the top priority, in addition to encouraging savings and bolstering the Turkish lira. The Treasury and Finance Ministry said it will issue domestic bonds indexed to the revenues of state enterprises to encourage lira asset … Read more

Turkey unveils new revenue-indexed bonds, sets consumer loan limits

Turkey on Thursday and Friday announced several new economic measures that authorities said were aimed at reining in inflation, encouraging savings and bolstering the Turkish lira. The Treasury and Finance Ministry said it will issue state enterprise income-indexed domestic bonds to encourage households to make savings in lira assets, while the banking watchdog announced maturity … Read more

Turkey’s manufacturing capacity ticks up in May

Capacity utilization for Turkey’s manufacturing sector continued its slight rebound and increased in May from a month ago, official data showed Monday. The measure of how fully firms are using their resources increased 0.2 percentage points to 78% this month, the Central Bank of the Republic of Turkey (CBRT) said, up from 77.8% in April. … Read more

Turkish central bank holds key policy rate steady for 5th month

Turkey’s central bank on Thursday held its benchmark policy rate unchanged for the fifth consecutive month, in line with market expectations, in a move that comes amid expectations of a further rise in inflation. The one-week repo rate was kept at 14%, where it has been since January when the Central Bank of the Republic … Read more