Categories HIGHLIGHTS Politics Murat Yetkin: On April 1, two scenarios: we will wake up to a different Turkey Güldem AtabayPosted on19 March, 202419 March, 2024 It was clear that the main race in the election would be for the mayorship … Continue ReadingMurat Yetkin: On April 1, two scenarios: we will wake up to a different Turkey
Categories Economy HIGHLIGHTS Turkey’s Central Bank back to square one Güldem AtabayPosted on15 March, 202415 March, 2024 CBRT’s net foreign exchange reserves excluding swaps fell sharply in the week of March 8. … Continue ReadingTurkey’s Central Bank back to square one
Categories Economy HIGHLIGHTS Foreks CBRT interest rate survey: No rate hike expectations for the March 21 meeting, yet… Güldem AtabayPosted on14 March, 202415 March, 2024 The median expectation for the March meeting of the Central Bank of the Republic of … Continue ReadingForeks CBRT interest rate survey: No rate hike expectations for the March 21 meeting, yet…
Categories Economy HIGHLIGHTS UPDATE (Eurobond issue) Bloomberg: Turkey Discussed Buyback of Near-Term Dollar Bonds Güldem AtabayPosted on14 March, 202414 March, 2024 (Bloomberg) — Turkey is selling its first bonds in euros in almost three years as … Continue ReadingUPDATE (Eurobond issue) Bloomberg: Turkey Discussed Buyback of Near-Term Dollar Bonds
Categories Economy HIGHLIGHTS Minister Şimşek to businessmen: “I am willing to be the bad guy, you will have a hard time” Güldem AtabayPosted on14 March, 202414 March, 2024 Details of Treasury and Finance Minister Mehmet Şimşek’s meetings with the Union of Chambers and … Continue ReadingMinister Şimşek to businessmen: “I am willing to be the bad guy, you will have a hard time”
Categories Economy CBRT pushing all the buttons to curb demand for foreign currency as tightening cycle ended Güldem AtabayPosted on14 March, 2024 In the lead-up to the local elections, despite a new upward surge in inflation, the … Continue ReadingCBRT pushing all the buttons to curb demand for foreign currency as tightening cycle ended
Categories Economy HIGHLIGHTS Fitch: Inflation pressures remain strong, tightening to continue post-election Güldem AtabayPosted on14 March, 2024 Erich Arispe Morales, Senior Director and Turkey Analyst at Fitch Ratings, stated that the first … Continue ReadingFitch: Inflation pressures remain strong, tightening to continue post-election
Categories Economy HIGHLIGHTS Turkey’s central bank introduces more steps to slow demand and tighten liquidity as it signalled the end of rate hike cycyle Güldem AtabayPosted on13 March, 2024 The Central Bank (CBRT) announced new reserve requirement steps that will tighten TL liquidity in … Continue ReadingTurkey’s central bank introduces more steps to slow demand and tighten liquidity as it signalled the end of rate hike cycyle
Categories Economy HIGHLIGHTS Turkey’s January CAD shows external funding requirement easing, yet the burden is still on CBRT Güldem AtabayPosted on12 March, 2024 Central bank of Turkey (CBRT) announced Turkey’s current account balance at a deficit of USD … Continue ReadingTurkey’s January CAD shows external funding requirement easing, yet the burden is still on CBRT
Categories Economy HIGHLIGHTS As Turkey’s inflation soars in February, the CBRT restricts bank lending in an effort to prevent further rate hikes Güldem AtabayPosted on6 March, 2024 The Central Bank of Turkey took additional tightening measures to support the tight monetary policy. … Continue ReadingAs Turkey’s inflation soars in February, the CBRT restricts bank lending in an effort to prevent further rate hikes
Categories HIGHLIGHTS Politics “At least 40 percent of Kurdish DEM Party voters will vote for Imamoğlu in Istanbul” Güldem AtabayPosted on5 March, 2024 According to researchers who have taken the pulse of Kurdish public opinion ahead of the … Continue Reading“At least 40 percent of Kurdish DEM Party voters will vote for Imamoğlu in Istanbul”
Categories Finance HIGHLIGHTS Markets Turkey’s excess lira liquidity almost gone, open market funding seen possible Güldem AtabayPosted on29 February, 2024 Bankers suggest that the rapid decline in excess lira liquidity within Turkey’s banking system, attributed … Continue ReadingTurkey’s excess lira liquidity almost gone, open market funding seen possible
Categories HIGHLIGHTS Politics Freedom House: Freedom report accuses AKP of election manipulation Güldem AtabayPosted on29 February, 2024 Freedom House, the US government-backed non-governmental organization, released its Freedom in the World report for … Continue ReadingFreedom House: Freedom report accuses AKP of election manipulation
Categories HIGHLIGHTS Politics Turkey’s local election results could be shaped by three small parties Güldem AtabayPosted on29 February, 2024 With about a month to go before the local elections, the level of competition among … Continue ReadingTurkey’s local election results could be shaped by three small parties
Categories Güldem Atabay HIGHLIGHTS Güldem Atabay: Growth has strengthened, why inflation won’t fall Güldem AtabayPosted on29 February, 2024 The Turkish economy’s relentless battle between growth and inflation continues. Let us first go through … Continue ReadingGüldem Atabay: Growth has strengthened, why inflation won’t fall
Categories Economy HIGHLIGHTS Prof. Acemoğlu: Tightening not enough for disinflation Güldem AtabayPosted on29 February, 2024 Prof. Daron Acemoğlu pointed out that the real interest rate is still negative and stated … Continue ReadingProf. Acemoğlu: Tightening not enough for disinflation
Categories Economy HIGHLIGHTS Talk of a cabinet reshuffle has begun: Mehmet Simsek may be dismissed Güldem AtabayPosted on28 February, 2024 Journalist Erdal Sağlam said that there is already talk of a cabinet reshuffle ahead of … Continue ReadingTalk of a cabinet reshuffle has begun: Mehmet Simsek may be dismissed
Categories Economy HIGHLIGHTS Prof Demiralp: Central Bank keeps policy rate unchanged: Is the rhetoric of monetary tightening ‘when necessary’ realistic? Güldem AtabayPosted on22 February, 2024 The Central Bank kept the policy rate unchanged this time, which was 45 percent in … Continue ReadingProf Demiralp: Central Bank keeps policy rate unchanged: Is the rhetoric of monetary tightening ‘when necessary’ realistic?
Categories Economy HIGHLIGHTS TURKEY: Central Bank keeps rates fixed at 45 percent with a rather dovish tone Güldem AtabayPosted on22 February, 202422 February, 2024 Turkey’s central bank (CBRT) kept the policy rate (the one-week repo auction rate) constant at … Continue ReadingTURKEY: Central Bank keeps rates fixed at 45 percent with a rather dovish tone
Categories Economy HIGHLIGHTS (UPDATE-Commentary added) Housing sales continue to slide in Turkey following strong rate hikes Güldem AtabayPosted on16 February, 202416 February, 2024 Halk Yatirim Research commentary According to TUIK data, total housing sales across Turkey decreased by … Continue Reading(UPDATE-Commentary added) Housing sales continue to slide in Turkey following strong rate hikes