Categories Economy HIGHLIGHTS Turkish Central Bank Revives Bond-Buying Drive to Rein In Yields Güldem AtabayPosted on5 January, 2022 The Turkish central bank bought government bonds for the first time in more than a … Continue ReadingTurkish Central Bank Revives Bond-Buying Drive to Rein In Yields
Categories Economy HIGHLIGHTS Turkey Tightens Oversight of Currency Market as Lira Weakens Güldem AtabayPosted on5 January, 2022 Turkish authorities are keeping tabs on investors who are buying large amounts of foreign currency … Continue ReadingTurkey Tightens Oversight of Currency Market as Lira Weakens
Categories Economy HIGHLIGHTS Politics Washington Post: Erdogan’s arbitrary rule is devaluing his nation’s currency — both moral and economic Güldem AtabayPosted on5 January, 20225 January, 2022 Superficially, there is no particular connection between the two biggest ongoing news stories in Turkey: … Continue ReadingWashington Post: Erdogan’s arbitrary rule is devaluing his nation’s currency — both moral and economic
Categories Economy HIGHLIGHTS Fatih Ozatay: Turkish inflation and the consequences of not taking it seriously Güldem AtabayPosted on5 January, 2022 It is routine to write the highest/lowest such and such indicator of such and such … Continue ReadingFatih Ozatay: Turkish inflation and the consequences of not taking it seriously
Categories Economy HIGHLIGHTS Istanbul mayor should be dismissed if ‘terror ties’ of municipal personnel proven, says Bahceli Güldem AtabayPosted on4 January, 20224 January, 2022 Istanbul Mayor Ekrem Imamoglu should be dismissed if “terror ties” of municipal personnel are proven, … Continue ReadingIstanbul mayor should be dismissed if ‘terror ties’ of municipal personnel proven, says Bahceli
Categories Economy HIGHLIGHTS The central bank’s mystery one-day $10 billion profit that erased its losses Güldem AtabayPosted on4 January, 20224 January, 2022 Bloomberg reported based on Economist Ugur Gurses’ article that Turkey’s central bank posted an extraordinary … Continue ReadingThe central bank’s mystery one-day $10 billion profit that erased its losses
Categories Economy HIGHLIGHTS Turkey Orders Exporters to Convert 25% of Income to Liras Güldem AtabayPosted on4 January, 20224 January, 2022 Turkey’s central bank required exporters to convert a quarter of their hard currency export revenues … Continue ReadingTurkey Orders Exporters to Convert 25% of Income to Liras
Categories Economy HIGHLIGHTS Turkish inflation seen above 30% in December amid lira weakness Güldem AtabayPosted on29 December, 2021 Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a … Continue ReadingTurkish inflation seen above 30% in December amid lira weakness
Categories General Erdoğan’s Gamble with Turkey’s Economy Güldem AtabayPosted on29 December, 2021 by Kadri Tastan In 2011, then Prime Minister Recep Tayyip Erdoğan set ambitious economic goals … Continue ReadingErdoğan’s Gamble with Turkey’s Economy
Categories Economy HIGHLIGHTS Güven Sak: Turkey’s economy is like a sailing ship, going wherever the winds blow it Güldem AtabayPosted on29 December, 2021 When it comes to the Turkish economy, it has always been best to take the long view. … Continue ReadingGüven Sak: Turkey’s economy is like a sailing ship, going wherever the winds blow it
Categories Economy HIGHLIGHTS Politics Poll: Erdoğan trails both İmamoğlu and Yavaş by over 10 points Güldem AtabayPosted on28 December, 2021 The mayors of İstanbul and Ankara, both members of the main opposition Republican People’s Party … Continue ReadingPoll: Erdoğan trails both İmamoğlu and Yavaş by over 10 points
Categories Economy HIGHLIGHTS Politics Turkish Finance Minister rejects backdoor FX sales on Dec 20 when lira rebounded Güldem AtabayPosted on28 December, 2021 Turkey’s public banks or institutions did not sell dollars on the night of Dec. 20, … Continue ReadingTurkish Finance Minister rejects backdoor FX sales on Dec 20 when lira rebounded
Categories Economy HIGHLIGHTS Politics Ex-Central Bankers Among Turkey Lira Pundits Facing Lawsuit Güldem AtabayPosted on28 December, 2021 Turkey’s banking watchdog filed a criminal complaint against many individuals, including two former central bank … Continue ReadingEx-Central Bankers Among Turkey Lira Pundits Facing Lawsuit
Categories Economy HIGHLIGHTS Politics Turkish market for at-risk women at standstill after lira crash Güldem AtabayPosted on28 December, 2021 Hazal Tunc and her friends founded Turkey’s first women-only street market eight years ago to … Continue ReadingTurkish market for at-risk women at standstill after lira crash
Categories Economy HIGHLIGHTS Turkey’s state banks boosted lira rally after Erdogan rescue plan Güldem AtabayPosted on23 December, 2021 Turkey’s state banks aggressively sold dollars this week, boosting a rally in the lira after … Continue ReadingTurkey’s state banks boosted lira rally after Erdogan rescue plan
Categories Economy HIGHLIGHTS Politics Erdogan: I will act in line with Islamic teachings on interest rate Güldem AtabayPosted on19 December, 2021 President Erdogan pledged to continue interest rate cuts that have made the Turkish lira the … Continue ReadingErdogan: I will act in line with Islamic teachings on interest rate
Categories Economy Finance HIGHLIGHTS Erdogan says he can get inflation back to four percent despite freefall Güldem AtabayPosted on19 December, 2021 President Tayyip Erdogan said he is prepared to drastically decrease Turkey’s inflation amid annual price rises … Continue ReadingErdogan says he can get inflation back to four percent despite freefall
Categories Economy Finance General HIGHLIGHTS Politics Turkish minister to stress low rates policy to bankers after Erdoğan talks Güldem AtabayPosted on14 December, 2021 Turkish Treasury and Finance Minister Nureddin Nebati will meet with bankers in the coming days … Continue ReadingTurkish minister to stress low rates policy to bankers after Erdoğan talks
Categories Economy HIGHLIGHTS Politics Capital needs of Turkey’s state-run banks discussed at summit Güldem AtabayPosted on14 December, 2021 Turkish state-run banks’ capital needs were among the issues discussed at a meeting between President … Continue ReadingCapital needs of Turkey’s state-run banks discussed at summit
Categories Economy Finance General HIGHLIGHTS Markets Politics Turkish Central Bank intervenes again as Lira moves past 14 per Dollar; rate cut decision awaited Güldem AtabayPosted on13 December, 2021 Turkey’s lira tumbled past 14 to the dollar to 14.75 for the first time in … Continue ReadingTurkish Central Bank intervenes again as Lira moves past 14 per Dollar; rate cut decision awaited
