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Turkish Central Bank raises policy rate and keeps options open for further tightening

Turkish Central Bank raises policy rate and keeps options open for further tightening

The Central Bank of Turkey has delivered a hawkish surprise by increasing the policy rate by 350bp to 46%

THINK Turkey

Muhammet Mercan

Muhammet Mercan

Chief Economist, Turkey

Latest on Turkey

Turkey's current account deficit rises and future will be shaped by global trade tensions

Turkey's current account deficit rises and future will be shaped by global trade tensions

The current account for February showed a deficit of US$4.4bn, slightly higher than the market consensus

Listen: What Trump's tariffs mean for Central and Eastern Europe

Listen: What Trump's tariffs mean for Central and Eastern Europe

In this podcast, ING economists explain how Trump's tariffs will impact CEE and why the region could be more resilient than most expect

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Turkey sees benign inflation in March, but upside risks for April

Turkey sees benign inflation in March, but upside risks for April

Turkish current account continues to widen

Turkish current account continues to widen

Monitoring Turkey: Easing bias remains intact

Monitoring Turkey: Easing bias remains intact

Third 250bp rate cut from the Turkish central bank

Third 250bp rate cut from the Turkish central bank

Benign Turkish inflation led by food and health costs

Benign Turkish inflation led by food and health costs

Turkish GDP beats expectations on strengthening domestic demand

Turkish GDP beats expectations on strengthening domestic demand

Significant improvement in Turkey’s current account balance

Significant improvement in Turkey’s current account balance

Monitoring Turkey: Inflation forecasts rise as cuts are set to continue

Monitoring Turkey: Inflation forecasts rise as cuts are set to continue

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