Company Insights Central Bank of the Republic of Turkey Banking & Finance Central Bank of the Republic of Turkey Overview The Central Bank of Turkey (CBRT) is responsible for maintaining Turkey’s financial stability. It is in charge of the country’s monetary and exchange rate policy, managing international reserves, issuing banknotes and regulating payment systems. CBRT operates as a joint stock company with shares classified for four types of owner: the Finance and Treasury Ministry (55.12 percent); Turkish banks (25.74 percent), non-Turkish banks and “privileged companies” (0.02 percent), and Turkish individuals (19.12 percent). CBRT is governed by a general assembly of shareholders, a board of directors, a monetary policy committee for policy decisions and auditing and executive committees. Its current policies pursue price stability while supporting government growth and employment policies. It has representative offices in cities including London, Frankfurt, New York and Tokyo. Central Bank of the Republic of Turkey News Banking & Finance Turkey raises interest rates for first time in a year Turkey’s central bank raised its key lending rate for the first time in a year on Thursday, reversing a steady decline this year, on concerns of higher inflation in the coming months. The bank’s monetary policy committee (MPC) increased its one-week repo auction rate to 46 percent on April 17 from 42.5 percent, the rate […] April 18, 2025 Real Estate Turkish property sales jump may temper on market turmoil Turkish property sales rose by 20 percent in the first quarter, but recent political unrest and economic uncertainty from mid-March onwards may weigh on the market. The number of property transactions rose to 335,786 in the three months to March 31 compared with the same period last year, according to data issued this week by […] April 16, 2025 Banking & Finance Turkey’s central bank records second-biggest ever loss The Central Bank of Turkey lost 700 billion lira ($18 billion) last year, its second biggest loss ever after a record 2023. The loss came as the central bank made efforts to defend the Turkish lira while at the same time offering depositors higher interest rates on the local currency versus other currencies, paving the […] April 16, 2025 Opinion Economy Inflation and political strife test Turkey’s stability Recent events have revealed deeper vulnerabilities in the country’s economy March 28, 2025 Analysis Finance Turkish political turmoil risks undermining US investor appetite Last week’s arrest of the mayor of Istanbul and resulting political unrest in Turkey’s financial capital may cool US companies’ interest in doing business in the country, industry observers say. Ekrem İmamoğlu, a popular opposition figure who had been gearing up to run in the 2028 presidential election, was detained last Wednesday on charges of […] March 25, 2025 Logistics Turkey’s Ciner Shipping packs up and moves to Athens One of Turkey’s largest shipping companies is moving its headquarters to Athens, the latest in a string of Turkish businesses to take advantage of Greece’s EU membership and what they say is a more investment-friendly environment. Ciner Shipping issued a statement on February 21 saying it was shifting its base from Istanbul. Its Turkish staff […] February 26, 2025 Manufacturing Turkish industrial capacity use falls again The level of Turkish industrial capacity in use fell in February, continuing a trend of slowing activity in the country’s factories for a third month. Less than three quarters of Turkey’s industrial capacity was operational in February, according to data issued by the Turkish Central Bank’s statistics unit on February 24. The 74 percent total […] February 25, 2025 Economy Confidence builds in Turkish real economy Turkish businesses are looking forward to better times but are still struggling with present day issues such as low levels of orders and a sluggish general economic environment. The Turkish Central Bank’s latest business tendency statistics and real sector confidence index, issued on February 24, recorded a steady increase in positive sentiment among the country’s […] February 25, 2025 Economy High costs push up Turkish inflation in January A sharp jump in costs may hinder the Turkish government’s hopes of delivering further interest rate cuts, with inflation in the services sector, housing costs and food combining to pressure the consumer price index. Inflation rose by just over 5 percent in January, according to data from state statistics agency Turkstat. This was fuelled by […] February 3, 2025 Banking & Finance Credit and debit card use rises steeply in Turkey Cash could be dethroned as king in Turkey as consumers increasingly turn to plastic when paying for goods and services. But the rise in card usage also comes at a cost, as more Turks fall behind in servicing their debt. Credit and debit card spending reached a total of TL14.87 trillion ($420 billion) in 2024, […] January 24, 2025 Posts navigation 1 2 … 4 Next
Banking & Finance Turkey raises interest rates for first time in a year Turkey’s central bank raised its key lending rate for the first time in a year on Thursday, reversing a steady decline this year, on concerns of higher inflation in the coming months. The bank’s monetary policy committee (MPC) increased its one-week repo auction rate to 46 percent on April 17 from 42.5 percent, the rate […] April 18, 2025
Real Estate Turkish property sales jump may temper on market turmoil Turkish property sales rose by 20 percent in the first quarter, but recent political unrest and economic uncertainty from mid-March onwards may weigh on the market. The number of property transactions rose to 335,786 in the three months to March 31 compared with the same period last year, according to data issued this week by […] April 16, 2025
Banking & Finance Turkey’s central bank records second-biggest ever loss The Central Bank of Turkey lost 700 billion lira ($18 billion) last year, its second biggest loss ever after a record 2023. The loss came as the central bank made efforts to defend the Turkish lira while at the same time offering depositors higher interest rates on the local currency versus other currencies, paving the […] April 16, 2025
Opinion Economy Inflation and political strife test Turkey’s stability Recent events have revealed deeper vulnerabilities in the country’s economy March 28, 2025
Analysis Finance Turkish political turmoil risks undermining US investor appetite Last week’s arrest of the mayor of Istanbul and resulting political unrest in Turkey’s financial capital may cool US companies’ interest in doing business in the country, industry observers say. Ekrem İmamoğlu, a popular opposition figure who had been gearing up to run in the 2028 presidential election, was detained last Wednesday on charges of […] March 25, 2025
Logistics Turkey’s Ciner Shipping packs up and moves to Athens One of Turkey’s largest shipping companies is moving its headquarters to Athens, the latest in a string of Turkish businesses to take advantage of Greece’s EU membership and what they say is a more investment-friendly environment. Ciner Shipping issued a statement on February 21 saying it was shifting its base from Istanbul. Its Turkish staff […] February 26, 2025
Manufacturing Turkish industrial capacity use falls again The level of Turkish industrial capacity in use fell in February, continuing a trend of slowing activity in the country’s factories for a third month. Less than three quarters of Turkey’s industrial capacity was operational in February, according to data issued by the Turkish Central Bank’s statistics unit on February 24. The 74 percent total […] February 25, 2025
Economy Confidence builds in Turkish real economy Turkish businesses are looking forward to better times but are still struggling with present day issues such as low levels of orders and a sluggish general economic environment. The Turkish Central Bank’s latest business tendency statistics and real sector confidence index, issued on February 24, recorded a steady increase in positive sentiment among the country’s […] February 25, 2025
Economy High costs push up Turkish inflation in January A sharp jump in costs may hinder the Turkish government’s hopes of delivering further interest rate cuts, with inflation in the services sector, housing costs and food combining to pressure the consumer price index. Inflation rose by just over 5 percent in January, according to data from state statistics agency Turkstat. This was fuelled by […] February 3, 2025
Banking & Finance Credit and debit card use rises steeply in Turkey Cash could be dethroned as king in Turkey as consumers increasingly turn to plastic when paying for goods and services. But the rise in card usage also comes at a cost, as more Turks fall behind in servicing their debt. Credit and debit card spending reached a total of TL14.87 trillion ($420 billion) in 2024, […] January 24, 2025
