Turkish Central Bank

The Turkish Central Bank's reserves amounted to $95.3 billion at the end of February, the bank announced on March 26. 

Total reserve assets posted a slight monthly decline of 0.4%, according to the bank's international reserves and foreign currency liquidity report.

Foreign currency reserves-in convertible foreign currencies- totaled $53 billion, up 2.1% on a monthly basis.

The Turkish Central Bank's newly appointed governor met on March 24 with the general managers of banks and discussed a range of issues including inflation, monetary policy, global developments and the demands of the banking sector.

Turkey's external assets reached $246.3 billion as of this January, a decline of 2.3% from the end of last year, the Turkish Central Bank data showed on March 18. 

Its liabilities against non-residents fell 0.9% to $638.7 billion during the same period.

Turkey has quite a resilient economy and it tends to rapidly recover from the shocks, a leading economist at the European Bank for Reconstruction and Development told Anadolu Agency on March 16. 

Turkey's current account deficit narrowed by 8% year-on-year in January, the Turkish Central Bank said on March 11.

The deficit was $1.87 billion in the month, down from $2.03 billion in January 2020, according to the bank's balance of payments report.

The improvement was fueled by a decrease in the goods deficit, despite a lower services surplus registered in the month.

The Turkish Central Bank is focusing on ensuring permanent price stability while implementing a steady monetary policy, the bank's Governor Naci Ağbal said on March 5. 

"We will continue to take firm steps towards achieving price stability through a confidence-oriented monetary policy in the upcoming period," Ağbal wrote on the bank's blog.

Turkey's Treasury and Finance Ministry is carrying out a study on cryptocurrencies amid recent debate over Bitcoin.

In a press release on Monday, the ministry said it is collaborating with the Turkish Central Bank, the Banking Regulation and Supervision Agency, and the Capital Markets Board in its research.

Turkey's annual inflation rate is projected to rise to 15.45% in February, an Anadolu Agency survey found on Feb. 26. 

Turkey's annual inflation rate in January was 14.97%, up 0.37 percentage points from the previous month.

The Turkish Statistical Institute will announce February's consumer prices index on March 3 Wednesday.

The Turkish Central Bank's reserves amounted to $95.7 billion at the end of January 2020, the bank announced on Feb. 26. 

The Turkish Central Bank on Feb. 18 kept the policy rate unchanged at 17 percent, in line with market expectations.