Turkish central bank reserves rise to $160.2 billion
Turkey's central bank gross foreign currency reserves rose against the previous week to reach $160.2 billion. According to Anadolu Agency, gold reserves also increased.
Anadolu Ajansı Ekonomi · Ali Canberk ÖzbuğutuAccording to Anadolu Agency, citing central bank data, the bank's gross foreign currency reserves rose on a weekly basis to reach $160.2 billion. Gold reserves also increased compared with the previous week.
The data arrived during a period when reserve composition is being watched as an important indicator of the bank's balance-sheet strength. AA noted that reserve movements in recent weeks have been linked to Treasury bond issuances and domestic fund flows.
Market analysts have read the picture cautiously. Economist Hakan Kara, interviewed by Anadolu Agency, said the reserve increase may have limited direct impact on monetary policy decisions. The Turkish central bank's June Monetary Policy Committee meeting will be watched closely by investors in the coming weeks. This article is not investment advice.
More from Europe
Lloyds, Halifax and Bank of Scotland back after online banking outage
Online banking and mobile app services at Lloyds Bank, Halifax and Bank of Scotland, all part of Lloyds Banking Group, returned to operation after an outage lasting several hours. The banking group apologised for the disruption to customers.
Germany sees fewer workers but longer hours, data show
Official data show that the number of workers in Germany has declined while average working hours have lengthened. The euro area's largest economy faces both labor market contraction and productivity pressure.
Euro's global role stayed flat last year, ECB report says
According to the European Central Bank's report, the international role of the euro remained largely flat in 2025 with marginal changes. The dollar retained its position as the world's reserve currency, while geopolitical risks could trigger fresh currency moves.