Turkish central bank plans to simplify monetary policy

9 January 2016 0

Simplification of Turkey’s interest-rate structure may start at the next monetary policy meeting in January, Erdem Basci, governor of the Central Bank of the Republic of Turkey said on Thursday. Speaking at a presentation to the parliament’s Planning and Budget Commission, Basci said: “With the start of normalization of global monetary policy, it is possible that volatility in financial markets may moderate. Should this occur, the simplification of Turkey’s monetary policy may begin at the Read More

Turkey: auto production, exports soar in 2015

8 January 2016 0

Turkey broke an all-time automobile production and exports record last year, Automotive Industrialists’ Association (OSD) head Kudret Onen said in a statement on Thursday. Onen said the country’s automobile producers manufactured 1.4 million cars in 2015, an increase of 16 percent from 2014. The OSD’s figures include automobiles, light commercial vehicle and tractor figures. Onen said that the sector’s exports increased by 12 percent last year compared with the previous year to 992,000 vehicles. He added that the sector exported 73 percent of its Read More

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