Browsing: Turkish Central Bank

Macro View
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Monetary Confusion and Credit Cycles

Turkey has been an interesting experience for economists in many aspects. A central bank keeping the real interest rates extremely low in a period when the country suffers from savings gap and high inflation may be among them, despite a good economic performance. Pretending that…

Macro View
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March Inflation: Big Downside Surprise

Consumer Price Index inflation in Turkey surprised significantly on the downside in March on the back of falling food prices. According to the data released by the official statistics office annual inflation slowed to 7.5% y/y from 8.8% in February. On a m/m basis it…

Macro View
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Turkey’s Resilience to a Fed Rate Hike

The effects on emerging markets of unconventional monetary policies implemented by some advanced economies have been a focus of debate. The policy of so-called quantitative easing that the central banks in advanced economies embarked on has increased capital flows to emerging markets. However, as these…

Macro View
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Midnight Express

Of course I am not here to talk about the Academy Award winning movie although it has some detail that many Turks find ugly. Our monetary policy markets decided to hold an extraordinary meeting yesterday and it has seemed to have the desired effect so…