Turkish lira ile ilgili hikayeler

With a decision taken by President Erdoğan and published in the Official Gazette on March 31, 2023, the interest limit applied to Currency Protected Deposit accounts was abolished. This decision also shows that other regulations will come to prevent the sudden rise of the exchange rate towards the election.

Şahap Kavcıoğlu, President of the Central Bank of the Republic of Turkey (CBRT), announced the inflation report, which includes medium-term inflation forecasts, on January 26th. Kavcıoğlu stated that “the midpoints of our inflation forecast range are 22.3 percent at the end of 2023, in line with our forecasts announced in the previous Report, it corresponds to the level of 8.8 percent at the end of 2024,”. Emphasizing the decreasing energy and commodity prices in his speech, Kavcıoğlu said that the energy costs, which have an important place in the balance of payments, increased by around 43 billion dollars in 2022 compared to 2021, but he predicts that energy prices will decrease in 2023. The most interesting aspect of Kavcıoğlu's presentation was his statement on the claim that Turkey would have a current account surplus in 2023.