Central Bank of Turkey

The Turkish Central Bank is engaging in reckless policy. Those invested in the country should prepare themselves for the consequences. Despite a rising rate of inflation, the Turkish Central Bank is maintaining a policy of keeping interest rates low. The bank may be hoping to prevent the country's...

There is growing evidence that some of the world's major developing economies might be overheating. China and Turkey in particular. China has been experiencing rapid economic growth for nearly the whole of the previous decade. The Shanghai composite index is up over 100% since 2005, and roughly...

Inflation in Turkey is up--way up--accelerating at a rate not seen in almost a decade. The Turkish economy is presently considered to be vulnerable to a financial shock, as its current account deficit is massive. In an effort to prevent the Turkish economy from suffering a shock, the Central Bank...

Turkey's current-account deficit may be putting the country at financial risk. Turkish Central Bankers, knowing this fact, having been working to restrict lending in Turkey so as to reduce the current-account deficit. It appears to be working. Turkey's trade deficit increased in April, but less...

The Turkish economy is vulnerable. The country has a massive current account deficit that it has, until now, been financing with huge inflows of foreign capital. But that foreign capital might not be coming anymore. According to Business Report, a Bank of America-Merrill Lynch poll showed that...