monetary tightening
- Turkiye
Turkiye’s Card Spending Surge Tied to Shift from Cash, Not Consumption: Central Bank
Card spending in recent years has decoupled from private consumption, largely due to consumers shifting from cash to card payments,…
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Turkish businesses alarmed by central bank decision as investment shifts abroad
Criticism from Türkiye’s top industrialists continues to highlight concerns over the country’s economic direction, as the central bank’s decision to…
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Turkish demand for crude steel expected to fall in 2024, 2025
Demand for crude steel in Türkiye is expected to decline by 5.5 percent in 2024, compared with the previous year…
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Turkiye’s Central Bank Raises Interest Rates to 50%: A 4,150 Basis Point Hike Since June 2023
Since June 2023, the CBRT has lifted the interest rate from 8.5 percent to 50 percent, a 4,150 basis point…
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Central Bank President Karahan Raises Year-End Inflation Forecast to 38% in Optimistic Outlook
In the presentation of the second Inflation Report of 2024, Governor of the Central Bank of the Republic of Turkiye,…
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Key Highlights of Last Week: CBRT’s Interest Rate Decision, Minister Simsek’s Statements, and Global Market Data
While the CBRT’s interest rate decision and the statements of the Minister of Treasury and Finance Mehmet Simsek stood out…
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Foreign Experts Share Insights on CBRT’s Interest Rate Decision
While he predicted that the Central Bank (CBRT) would keep the policy rate constant at the Monetary Policy Committee meeting,…
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CBRT: Inflation in Turkiye will fall rapidly after peaking in May
Stating that there will be a rapid decline in annual inflation after May, the new governor of the Central Bank,…
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Turkish Central Bank keeps inflation forecasts unchanged
Bank to keep current interest rate level as long as necessary, says governor Pledging a continued tight stance in monetary…
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Turkish banks’ head expects credit card restrictions after 160% growth
The head of Türkiye’s Banks Association on Tuesday expressed expectations for more restrictive measures on explosive credit cards, which grew…
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