Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) organised a training programme on “Inflation Targeting” at the Central Bank of Republic of Azerbaijan on 19-21 December 2012, within the framework of OIC Central Banks Capacity Building Programme. The Course was provided by Ms. Neslihan Kaya, expert of the Central Bank of the Republic of Turkey with participation of relevant members of Central Bank of Republic of Azerbaijan.

The training course on “Inflation Targeting” covered the following areas:

• Turkish Monetary Policy Experience Prior to Inflation Targeting
• Operational Framework for Inflation Targeting
• Forecasting and Policy Analysis System (FPAS) at the CBT
• Monetary Transmission Mechanism in Emerging Market Economies
• Turkish Monetary Policy Experience with the Recent Global Financial Crisis

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