Company Insights Central Bank of the Republic of Turkey Banking and Finance Central Bank of the Republic of Turkey News Analysis Economy Gulf awaits vital Turkish election results The Turkish presidential and parliamentary elections on Sunday will be keenly watched by Gulf investors who have bet billions of dollars on the world’s 19th-largest economy. Should incumbent president Recep Tayyip Erdoğan and his ruling AK Party again prevail in the votes, Turkey will maintain its unorthodox monetary policies. The central bank has slashed interest […] May 12, 2023 Banking and Finance Saudi deposits $5bn in Turkey’s central bank Saudi Arabia has made a $5 billion deposit into the central bank of Turkey to support its economy. The deposit, first pledged in November, comes after the devastating impact of last month’s earthquake. It was made on Monday through the Saudi Fund for Development (SFD) and will “contribute to bolstering the Turkish economy by addressing […] March 6, 2023 Economy Turkish manufacturing in worst slowdown since May 2020 Turkey’s manufacturing sector slowed for the eighth consecutive month in October, experiencing its most precipitous drop since May 2020. Analysts see no end in sight for the country’s inflation problem, which is weighing down manufacturing and the wider economy. The Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI), compiled by ratings agency S&P […] November 1, 2022 Turkish central bank nearly doubles inflation forecast Turkey’s annual inflation will peak at around 70 percent by June before declining to near 43 percent by year-end, the central bank has forecast. The central bank slashed its policy rate by 500 basis points to 14 percent last year as part of President Tayyip Erdogan’s new economic plan. The cuts sparked a currency crisis […] April 29, 2022 Posts navigation Previous 1 … 4 5
Analysis Economy Gulf awaits vital Turkish election results The Turkish presidential and parliamentary elections on Sunday will be keenly watched by Gulf investors who have bet billions of dollars on the world’s 19th-largest economy. Should incumbent president Recep Tayyip Erdoğan and his ruling AK Party again prevail in the votes, Turkey will maintain its unorthodox monetary policies. The central bank has slashed interest […] May 12, 2023
Banking and Finance Saudi deposits $5bn in Turkey’s central bank Saudi Arabia has made a $5 billion deposit into the central bank of Turkey to support its economy. The deposit, first pledged in November, comes after the devastating impact of last month’s earthquake. It was made on Monday through the Saudi Fund for Development (SFD) and will “contribute to bolstering the Turkish economy by addressing […] March 6, 2023
Economy Turkish manufacturing in worst slowdown since May 2020 Turkey’s manufacturing sector slowed for the eighth consecutive month in October, experiencing its most precipitous drop since May 2020. Analysts see no end in sight for the country’s inflation problem, which is weighing down manufacturing and the wider economy. The Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI), compiled by ratings agency S&P […] November 1, 2022
Turkish central bank nearly doubles inflation forecast Turkey’s annual inflation will peak at around 70 percent by June before declining to near 43 percent by year-end, the central bank has forecast. The central bank slashed its policy rate by 500 basis points to 14 percent last year as part of President Tayyip Erdogan’s new economic plan. The cuts sparked a currency crisis […] April 29, 2022
