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Turkish central bank

Moody's says Turkish central bank overhaul could hit capital inflows, lira, inflation

Moody's added that that the central bank may reduce the policy rate to below the level of inflation to push growth under new Governor Sahap Kavcioglu, who shares the same dovish views as Erdogan. Such steps, it said, could lead to higher imports and a larger current account deficit.

Published 22 Mar, 2021 08:38pm

Business & Finance

Turkish net FX reserves fell to $10.96bn on March 12

The exchange rate used by Reuters on Thursday was 7.4446 compared to 7.4524 the previous week.
The reserves plunged last year as state banks sold off an estimated $130 billion to stabilise the lira, which still lost 20% of its value in 2020. Net forex reserves were around $41 billion at the end of 2019.

Published 18 Mar, 2021 06:04pm

Markets

Turkish lira on two-week slide that tests central bank's will

Wall Street banks Citigroup and JPMorgan were the latest to predict Turkey would raise interest rates next week to stabilize the currency and address inflation, which rose above 15% last month.
Citi and JPMorgan said they expect a tightening of 50-100 basis points and 100 basis points respectively.

Updated 08 Mar, 2021 10:17pm

Business & Finance

Turkish net FX reserves climb to $13.93bn

The exchange rate used by Reuters on Thursday was 7.1924 compared to 6.9527 the previous week.
The reserves plunged last year as state banks sold off an estimated total of $130 billion to stabilise the ailing lira, which still lost 20% of its value in 2020.

Published 04 Mar, 2021 05:59pm

Markets

Turks' FX holdings dip to $235bn, still near record

When adjusted with the parity effect, the data showed the hard currency holdings fell by only $27 million in the period.
The central bank is watching keenly for a reversal in this dollarization trend before it starts rebuilding its depleted FX reserves.

Published 25 Feb, 2021 05:44pm

Markets

Turkish net FX reserves climb to $13.8bn

The exchange rate used by Reuters on Thursday was 7.3723 compared to 7.3836 the previous week.
The reserves eroded last year as state banks sold off an estimated $130 billion to stabilise the ailing lira.

Published 04 Feb, 2021 05:39pm

Markets

Turkish net FX reserves at lowest in years near $11bn

The exchange rate used by Reuters on Thursday was 7.3836 compared to 7.3885 the previous week.
The reserves eroded last year as state banks sold off an estimated $130 billion to stabilise the ailing lira.

Published 28 Jan, 2021 06:06pm

Markets

Turkish central bank net FX reserves $11.42bn on Jan 15

The exchange rate used by Reuters on Thursday was 7.3885 compared to 7.2733 the previous week.

Published 21 Jan, 2021 06:23pm

Markets

Turkish central bank may be rewarded if it holds its nerve

Since Turkey made big changes at its central bank and finance ministry and shifted towards conventional policies, the lira has soared.

Published 20 Jan, 2021 02:04pm

Business & Finance

Turkish central bank net FX reserves $13.5bn at year end

The exchange rate used by Reuters on Thursday was 7.2733 compared to 7.4194 the previous week.
The reserves have been diminished over the last year as state banks sold off an estimated $130 billion to stabilise the ailing lira.

Published 14 Jan, 2021 05:03pm

Business & Finance

Turkish central bank net FX reserves fell to $13.5bn at year end

The current level is the lowest since 2003, according to bankers.

Published 07 Jan, 2021 06:45pm

Business & Finance

Turkish central bank will not use interest rate corridor or sell forex

The central bank's Twitter account quoted him as saying the bank will not buy or sell forex to determine an exchange rate.

Updated 26 Dec, 2020 12:03am

Business & Finance

Turkish central bank opens repo auction with quantity method, interest rate 15pc

The bank, which hiked the policy rate sharply to 15pc on Thursday, had been using traditional method repo auctions with one-month maturity in recent months and used backdoor measures to tighten policy.

Published 20 Nov, 2020 05:26pm

Markets

Erdogan oust central bank chief after lira hits record lows

The Turkish currency, lira, has depreciated since the beginning of the year, falling by a record 30 percent.

Published 07 Nov, 2020 03:50pm

Markets

Turkish central bank tightens again via lira reserves

The bank also said it halved the commission rate on required reserves for forex deposits and participation funds.

Published 12 Oct, 2020 04:30pm

Business & Finance

Turkish central bank opens 5bn lira repo auction at 10.25pc

The bank raised its policy repo rate by 200 basis points on Thursday, tightening policy for the first time in two years in order to lift the lira from record lows and rein in elevated inflation.

Published 25 Sep, 2020 04:24pm

Markets

Turkish central bank's gross forex reserves nearly halved in 2020

The central bank's forex reserves, which have been depleted in part by market interventions to support the lira.
Turks have flocked to hard currencies. Locals' forex deposits and funds, including precious metals.

Updated 03 Sep, 2020 06:38pm

Business & Finance

Turkish central bank injects 10bn lira in repo at avg rate of 11.27pc

It said that total bids amounted to 53.2 billion lira in the repo, which will mature on Sept. 9.

Published 19 Aug, 2020 04:23pm

Business & Finance

Turkish central bank injects 10bn lira in repo at average simple rate of 11.25pc

It said that total bids amounted to 73.7 billion lira in the repo, which will mature on Sept 16.

Published 17 Aug, 2020 04:28pm

Business & Finance

Turkish central bank net reserves slip to mid-May low of $28.7bn

The exchange rate used by Reuters on Thursday was 6.8348 compared to 6.8450 a week ago.

Published 30 Jul, 2020 03:49pm

Business & Finance

Turkish central bank seen keeping policy rate unchanged at 8.25pc

Inflation climbed more than expected to 12.62pc year-on-year in June, official data showed, after it edged up to 11.39pc a month earlier.

Published 23 Jul, 2020 05:37pm

Business & Finance

Turkish central bank to determine policy stance to maintain inflation fall

Consumer inflation might follow a slightly higher course in the short-term but demand-driven disinflationary effects will be more prevalent in H2, the central bank also said.
Leading indicators suggest the rise in annual food inflation will continue

Published 01 Jun, 2020 07:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 16	278.40
USD PKR Interbank Buying / Apr 16	278.10
USD to Japanese Yen / Apr 16	154.32
USD to Swiss Franc / Apr 16	0.91
Pound Sterling to USD / Apr 16	1.24
Euro to USD / Apr 16	1.06

Stock	Volume
S&P 500 / Apr 15	5061.82
Nasdaq / Apr 15	15885.02
Dow Jones / Apr 15	37735.11
India Sensex / Apr 16	73041.46
Tokyo Nikkei / Apr 16	38375.98
Hang Seng / Apr 16	16327.73
FTSE 100 / Apr 16	7851.82
Germany DAX 30 / Apr 16	17757.12

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 9	21735
Crude Oil USD/Barrel / Apr 16	85.94
Gold 10 Grams PKR / Apr 16	214077
Gold Spot USD/Ounce / Apr 16	2387.66

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Turkish central bank

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