Turkey
Turkish central bank could move to Istanbul
"It would take a new law to move the Central Bank of Turkey from Ankara to Istanbul. If the parliament approves such a draft law, the central bank moves to Istanbul," Turkish central bank governor Durmus Yilmaz has said.
IMF boost for developing countries
China, South Korea, Turkey and Mexico seem set to win increases in their IMF quotas at the expense of some European countries.
Interest rates round-up
A brief round-up of recent interest rate decisions in central banks in emerging markets.
IMF paper on indebted monetary authorities
The paper examines two main aspects of the interaction between fiscal and monetary policy in emerging-market economies.
Central Bank of Turkey - Annual Report 2005
According to the Central Bank of Turkey's Annual Report 2005, the recovery period of the economy continued in 2005 and inflation remained below the end-year target for the fourth time.
Turkey's year-end inflation may double target
Year-end inflation in Turkey is likely to climb to 10.5 pct, double the official target of 5.0 pct, central bank governor Durmus Yilmaz said Friday 28 July.
Dodge on policies for today's global economy
In the speech 'The right policies for today's global economy' given on 19 July David Dodge of the Bank of Canada said the IMF must adjust its quota system with ``urgency'' to give China and other countries more say and help resolve global imbalances.
Europe suffers worrying wave of financial chaos
According to this article published Wednesday 5 July by Bloomberg, Europe is increasingly encircled by financial woes. Emerging markets are being hit by a wave of selling, sending currencies falling and interest rates jumping.
ECB paper on financial stability challenges
The ECB Occasional Paper 'Macroeconomic and financial stability challenges for acceding and candidate countries' reviews macroeconomic and financial stability challenges for acceding (Bulgaria and Romania) and candidate countries (Croatia and Turkey).
Turkish PM says central bank fulfilling duties
Turkish Prime Minister Recep Tayyip Erdogan indicated in a speech that Turkey's central bank was fulfilling its tasks.
Comment: Bold CBT holds its breath
After another emergency meeting over the weekend the Central Bank of Turkey has raised interest rates by 225 basis points (bp). This has taken interest rates to 17.25%, following an initial hike of 175 bp earlier this month. Will this bold move make any…
Comment: Uganda eyes inflation target
The Bank of Uganda will implement an inflation-targetting framework in the near future, the governor of the central bank, Emmanuel Tumusiime-Mutebile, told CentralBankNews.com. Only a lack of adequate and timely data is holding it back.
Comment: Rates on the up
Monetary policymakers from Mumbia to Madrid to Pretoria stepped firmly on the monetary brakes yesterday, with no less than six central banks hiking rates.
Burhan Goklemez named dep gov in Turkey
Turkey named central bank insider Burhan Goklemez as a deputy governor of the bank on Wednesday 31 May.
Comment: Emerging market jitters
Emerging markets equities, bonds and currencies have been under severe pressure over the last two weeks. The turning tide will leave a number of central banks uncomfortable, particularly as the favourable conditions of the last 2 and 3 years has actually…
Yilmaz on central bank achievements in Turkey
In the speech 'Central bank achievements and opportunities in Turkey' given on 18 April Durmus Yilmaz of the Central Bank of the Republic of Turkey said turkey has grasped a golden opportunity to get rid of the damage created by inflation with which it…
Turkey to stick with floating lira
The governor of Turkey's central bank said Friday 12 May that the bank would maintain its floating currency system but was closely monitoring foreign currency market developments, the Anatolia news agency reported.
Comment:Government debt offices gear up for change
Government debt offices play a vital role in managing the cost and risk of government borrowing and in the development of the domestic financial system, but they are frequently overlooked. A recent survey looks at the trends towards concentrated…
Comment: April in review
April was a particularly eventful month for the International Monetary Fund. The Fund concluded it "spring meeting" in Washington and published new editions of the Global Financial Stability Report and the World Economic Outlook.
Turkey names new central bank governor
Turkish President Ahmet Necdet Sezer approved the government's nominee for central bank governor on Tuesday 18 April after rejecting an earlier candidate, Economy minister Ali Babacan announced.
Comment: New governor for CBRT
The appointment of Durmus Yilmaz as governor of the Central Bank of the Republic of Turkey brings to an end weeks of turmoil as the government struggled to find a successor to the inflation-busting Sureyya Serdengecti.
Turkish governor name sent to president
Turkish State Minister and Chief Negotiator for EU talks Ali Babacan said on Friday 7 April that the government's decision on the appointment of a new central bank governor will be sent to President Ahmet Necdet Sezer today.
Acting deputy governor appointed in Turkey
The Turkish government has appointed Cigdem Kose, general director of the central bank's markets department, as acting deputy governor after a vice governor retired, the bank said.
Comment: Developments in March
March was an eventful month in central banking circles. The Bank of Japan put an end to its "quantitative easing" policy and attention now turns to the timing of its first interest rate increase.