Positive Period in CBRT Reserves: Important Steps for Economic Stability
It announced that its net reserves, excluding swaps, turned positive for the first time since March 2020. This development is considered an important step as a reflection of the Central Bank’s efforts to increase foreign exchange reserves and strengthen financial stability. This move could increase confidence in foreign exchange markets and support economic stability. At
Positive support from Germans and Americans to the Turkish economy
International financial institutions such as German Deutsche Bank and US Goldman Sachs react positively to the last 500 basis point interest rate increase of the Central Bank of the Republic of Turkey (CBRT). While Deutsche Bank states that confidence in the Turkish lira has increased after this move by the CBRT, Goldman Sachs emphasizes that
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