Central Bank

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Central Bank lifts 2022 inflation forecast to 42.8 pct

Turkey's Central Bank has lifted its annual consumer price inflation forecast for 2022 from 23.2 percent three months ago to 42.8 percent.

The bank, which unveiled its quarterly inflation report yesterday, said it also revised upwards its end-2023 forecast from a previous 8.2 percent to 23.2 percent. It expects the annual inflation rate to ease to 8.3 percent at the end of 2024.

Turkish Central Bank sells $10.5 billion to national gas grid in 2015

Turkey's Central Bank sold around $10.5 billion in currency to the national gas grid BOTA? in 2015 to prevent any further hikes in the dollar's value, according to the lender's head.

Central Bank Gov. Erdem Ba?ç? gave the detailed figures during a presentation to the cabinet late Jan. 4. 

Five executives replaced at Turkey's Central Bank

Turkey's Central Bank has replaced five executives on June 11, following Prime Minister Recep Tayyip Erdoğan's increasingly stronger criticism of Governor Erdem Başçı's strategy amid a wave of reshuffles at various segments of bureaucracy.

The Central Bank Assembly has removed two director-generals, one deputy director-general and two directors in its meeting in the afternoon.