Central banks

Central Bank Governor Erdem Ba?ç? will explain why the bank's 2015 inflation rate was 8.81 percent instead of its target rate of 5 percent in a letter to Deputy Prime Minister Mehmet ?im?ek.  

This is the fifth time the bank was unable to achieve its target inflation rate under Ba?ç?. 

The European Central Bank said Dec. 11 that it lent around 18.3 billion euros ($20 billion) to 55 banks in a sixth round of special liquidity measures aimed at reflating the eurozone economy.  

The Turkish Central Bank has forecast the country's inflation to stand at 6.5 percent at the end of 2016, according to the bank's governor, Erdem Ba?ç?. 

Addressing a press conference for the presentation of the bank's 2016 monetary and exchange rate policy in Ankara, Ba?ç? said the bank would maintain its tight monetary policy, while ensuring foreign exchange liquidity.

The members of European Central Bank’s board should not hold any meeting with market representatives one week before ECB’s meeting sessions, ECB President Mario Draghi clarified in a letter sent to the European Parliament.

Mr. Draghi stressed the need to avoid any rumors or misconceptions about meetings between members of the Executive Board and media and market representatives.

The European Central Bank adjusted its asset purchase program known as quantitative easing on Dec. 3, extending the scheme's duration into 2017 and agreeing to buy euro-denominated municipal and regional bonds, ECB President Mario Draghi said. 

Turkey's annual inflation rate increased above estimates to 8.1 percent in November from 7.58 percent in October due to a sharp hike in footwear and clothing prices, according to data revealed by the Turkish Statistics Agency (TÜ?K) on Dec. 3. 

The highest monthly increase was 5.37 percent in clothing and footwear, according to the TÜ?K data. 

U.S. rating agency Standard and Poor's said on Nov. 25 a budding eurozone recovery was gathering steam thanks to consumers loosening their purse strings.

In a report entitled "Hangin' In There Despite Weak Foreign Demand", it said domestic demand had emerged as a main driver for growth, offsetting export weakness.

President of European Central Bank Mario Draghi said the ECB is ready to act quickly to boost inflation in the eurozone while attending the European Banking Congress in Frankfurt.

His statements are the strongest hint that new measures could be expected at its December meeting aiming to stop inflation from falling below the official target of just under two percent.

Signs of a return to healthy inflation levels are fading, ECB chief Mario Draghi warned Nov. 12, announcing the bank would re-examine the scale of its anti-deflation defences in December.

European Central Bank Chief Mario Draghi defended the European Central Bank’s (ECB) policies in Greece and Ireland during his meeting with MEPs at the European Parliament. He said: