Table II.9 The Annual Rate of Change in MonetaryAggregates (nominal, the monthly average values) Dec. May.19 Dec. May.19 Dec. May.20 M1 Currency In Circulation Sight Deposits M2 Time Deposits (TL) M2Y FX Deposits M2+Repo M2Y+Repo WPI Inflation ... in circulation although the interestrates showed a sharp decline. The monthly average ... Although the use of credit cards in transactions has increased in the last ten years
CBT credits), have been declining due to high real interestrates in 2001 ... credits increased because of the rising exchange rates. The credits / deposits ratio ... compound repo and deposit rates began to fall and were realized as 59.3 percent and 68
corresponding to more flexibility in exchange rate determination. Monetary policy stance ... position limits, or interestrate controls. All variables except the categorical ones ... is in log. GDP growth is the annual growth rate of real GDP. Capital inflow surge
March period, dropping by 2.2 points. Interestrates on short-term commercial credits ... The three-month Treasury auction interestrate expectations in CBRT Survey of Expectations verify these two observations. The three-month Treasury auction interestrate ... Figure II.4.5.Three-Month Treasury expectations (percentage, compound) Auction InterestRate Expectations, current month Expectations, end-year Source: CBRT Survey of Expectations
is that there has been a significant decrease in the end-year interestrate expectations ... II.1.1.4). Monetary Policy Report Central Bank of the Republic of Turkey Another ... banks. In respect of this operation, t-bills with their accumulated interest
signals of stand-by agreement. The monetary and exchange rate policy that was declared ... in interestrates and the reduction in domestic borrowing of Treasury caused a boost ... of acceleration of privatization, upgrade of creditrating of Turkey and the strength
will put pressure on interest repayments within the year. While, cash debt stock, which shows the Treasury’s liability to the markets, had a limited increase in TL IV.MONETARY DEVELOPMENTS IV.A. Money Supply, Deposit and Credit Developments M1, M2 and M2Y money ... during April, in US dollars, it dropped to USD 26.7 billion as a result of the rapid increase of the exchange rate in post-February period. TREASURY DEBT ... Total Principle Interest Debt Domestic Payments Payments Service Borrowing Gross T-Bill Sales