This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 … stance given the upside risks to inflation. …

financial conditions are weighing on domestic demand and inflation has fallen. Tax and expenditure measures partly dampened an … risk premia have halved. While now subsiding, still-high inflation expectations and sequential inflation suggest an … insufficiently tight policy stance to reach the midpoint of the authorities' inflation forecast range …

This Selected Issues paper analyzes the capital flows in Turkey. The empirical analysis in this paper uses exchange … market pressure index to identify the determinants of capital flows to Turkey. It is observed that exchange market pressures … in Turkey seem to a degree, larger than in other emerging economies, and to be linked to risk factors, both global and …

Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation …This Selected Issues paper on Turkey discusses the new monetary framework adopted by the Central Bank of Republic of …

rotation back to domestic demand-led growth, the current account deficit is widening again, while inflation remains above …

financing conditions. Macroeconomic policies have been too accommodative, inflation is high and well above the authoritiesâ … fundamentals. The main risk for Turkey remains a capital flows reversal, associated with monetary policy normalization in advance …

. Inflation expectations remain well anchored. Rising import prices are expected to push inflation toward the 2 percent target …