- Vice President Cevdet Yilmaz has announced Turkey’s 2025-27 medium-term program (MTP). As part of the program, Turkey revised its inflation and GDP forecasts. See below:
- Turkey sees 2024 year-end inflation at 41.5%; prior 33.0%
- Turkey sees 2025 year-end inflation at 17.5%; prior 15.2%
- Turkey sees 2024 GDP growth at 3.5%; prior 4.0%
- Turkey sees 2025 GDP growth at 4.0%; prior 4.5%
- Interest rates on lira deposit accounts have started to increase following the latest measures taken by the central bank, Hurriyet report. The modest increase - from around 44% to 45% - follows tweaks to required reserve ratios.
- The CBRT signed a Memorandum of Understanding with the Saudi Central Bank on September 3, it said in a statement, laying the groundwork for enhanced cooperation in the field of central banking.
Copyright 2024
