Search results
1 – 10 of 52Although the central bank has increased interest rates substantially since June 2023, the effects on economic activity and inflation have been limited. Prices and policy…
The initiative follows the passage of a new monetary and banking law in June that enhanced the central bank’s independence, which included authorisation for it to introduce…
Details
DOI: 10.1108/OXAN-DB282995
ISSN: 2633-304X
Keywords
Geographic
Topical
TURKEY: Banking sector outlook improves
The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…
Details
DOI: 10.1108/OXAN-DB275967
ISSN: 2633-304X
Keywords
Geographic
Topical
TURKEY: Monetary policy could pivot towards orthodoxy
Details
DOI: 10.1108/OXAN-ES279677
ISSN: 2633-304X
Keywords
Geographic
Topical
TURKEY: Inflation will rebound in second half of 2023
TURKEY: Economic orthodoxy will bring short-term pain
The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…
Details
DOI: 10.1108/OXAN-DB279817
ISSN: 2633-304X
Keywords
Geographic
Topical
Prospects for Turkey to end-2021.
Details
DOI: 10.1108/OXAN-DB262364
ISSN: 2633-304X
Keywords
Geographic
Topical
However, serious concerns remain about the credibility of Turkey's Central Bank (CBRT), whose refusal to mount an interest rate defence of the lira accentuates the risks posed by…