Categories Economy HIGHLIGHTS Turkey’s economic confidence index plummets in August Güldem AtabayPosted on29 August, 2023 The Turkish Statistical Institute (TUIK) released the economic confidence index data for August, revealing a … Continue ReadingTurkey’s economic confidence index plummets in August
Categories Atilla Yeşilada Economy HIGHLIGHTS ANALYSIS: The world shocked by Central Bank rate hike Atilla YeşiladaPosted on25 August, 2023 Central Bank of Turkey’s outsized rate hike shocked experts and market participants at home and … Continue ReadingANALYSIS: The world shocked by Central Bank rate hike
Categories Economy HIGHLIGHTS Guldem Atabay: Turkey’s central bank is now talking: 750 bp rate hike along with further tightening promises Güldem AtabayPosted on24 August, 202324 August, 2023 In today’s Monetary Policy Committee (PPK) meeting, the Central Bank of Turkey (TCMB) implemented a … Continue ReadingGuldem Atabay: Turkey’s central bank is now talking: 750 bp rate hike along with further tightening promises
Categories Economy Finance General Monetary policy: Experimenting with dual interest rates Atilla YeşiladaPosted on24 August, 2023 We expect the CBRT interest rate hike to be around 200 basis points. The recent … Continue ReadingMonetary policy: Experimenting with dual interest rates
Categories Economy General HIGHLIGHTS Turkey’s consumer confidence sinks following fresh taxes on consumption Güldem AtabayPosted on23 August, 2023 Accelerating inflation, a depreciating Turkish lira, new taxes on consumption, and the brakes applied to … Continue ReadingTurkey’s consumer confidence sinks following fresh taxes on consumption
Categories Economy Finance HIGHLIGHTS Will the Central Bank be able to catch up with the market? Atilla YeşiladaPosted on22 August, 2023 Expectations are for 250 basis points increase Economists participating in the expectations survey of AA … Continue ReadingWill the Central Bank be able to catch up with the market?
Categories Economy HYPED Politics Erdoğan pledges to ‘eliminate inflation from daily life’ Atilla YeşiladaPosted on22 August, 2023 President Recep Tayyip Erdoğan has stated that his government is working to restore the purchasing … Continue ReadingErdoğan pledges to ‘eliminate inflation from daily life’
Categories Atilla Yeşilada Economy HIGHLIGHTS ANALYSIS: Unruly inflation expectations complicate CBRT governor Erkan’s job Atilla YeşiladaPosted on21 August, 2023 Led by Gaye Erkan, Turkey’s Monetary Policy Council is meeting on 24 August Thursday to … Continue ReadingANALYSIS: Unruly inflation expectations complicate CBRT governor Erkan’s job
Categories Economy HIGHLIGHTS Politics Sock manufacturer’s ghost fleet: Turkish companies allegedly enable Russian sanction evasion Güldem AtabayPosted on18 August, 202318 August, 2023 Turkish company Beks Ship Management, originally in the sock manufacturing business, has allegedly become a … Continue ReadingSock manufacturer’s ghost fleet: Turkish companies allegedly enable Russian sanction evasion
Categories Economy HIGHLIGHTS Hande Firat: Economy as a cup half full and half empty Atilla YeşiladaPosted on15 August, 2023 Editor’s Note: Hande Firat is very close to Erdogan and is one of the few … Continue ReadingHande Firat: Economy as a cup half full and half empty
Categories Economy HIGHLIGHTS Murat Kubilay: The successes and failures of Turkey’s new economic team Güldem AtabayPosted on15 August, 2023 It has been two months since Turkey’s new economic team took over and some progress has been … Continue ReadingMurat Kubilay: The successes and failures of Turkey’s new economic team
Categories Economy Finance HIGHLIGHTS Investment bank projects rising Central Bank reserves Atilla YeşiladaPosted on14 August, 202314 August, 2023 Barclays, one of the leading investment banks in England, projected in its emerging markets research … Continue ReadingInvestment bank projects rising Central Bank reserves
Categories Economy HYPED Turkey’s External Deficit, Inflation Need To Be Tackled….ASAP Atilla YeşiladaPosted on14 August, 2023 Türkiye’s chronic current account deficit is one of the most challenging issues that the government’s … Continue ReadingTurkey’s External Deficit, Inflation Need To Be Tackled….ASAP
Categories Economy HIGHLIGHTS Current account deficits projected to decline in autumn Atilla YeşiladaPosted on14 August, 2023 Improvement in C/A balance in June… In June, there was a C/A surplus of USD674 … Continue ReadingCurrent account deficits projected to decline in autumn
Categories Atilla Yeşilada Economy HIGHLIGHTS Turkey’s external deficit threatens TL meltdown Atilla YeşiladaPosted on10 August, 2023 Turkey’s external deficit threatens TL meltdown • Thanks to the new economy team of Cevdet … Continue ReadingTurkey’s external deficit threatens TL meltdown
Categories Economy HIGHLIGHTS Moody’s May Upgrade Turkey If Market-Friendly Policies Continue Güldem AtabayPosted on10 August, 2023 Moody’s Investors Service said Turkey’s credit rating could be upgraded if orthodox policies introduced since … Continue ReadingMoody’s May Upgrade Turkey If Market-Friendly Policies Continue
Categories Economy HIGHLIGHTS Insider: Minister Şimşek said, “Inflation doesn’t decrease through easy ways, it requires 2.5-3 years” Güldem AtabayPosted on9 August, 20239 August, 2023 At the “Economy and Consultation Meeting” attended by business representatives and seven ministers close to … Continue ReadingInsider: Minister Şimşek said, “Inflation doesn’t decrease through easy ways, it requires 2.5-3 years”
Categories Economy HIGHLIGHTS Turkey’s manufacturing exports at stagnation point Güldem AtabayPosted on8 August, 2023 The July data indicated that demand conditions for Turkish manufacturing industry exporters were approaching stagnation. … Continue ReadingTurkey’s manufacturing exports at stagnation point
Categories Economy Güldem Atabay HIGHLIGHTS Guldem Atabay commentary: Base effect in inflation is over, tax hikes and depreciation signal a new leg up Atilla YeşiladaPosted on3 August, 2023 The highly anticipated July CPI inflation was reported at 9.49% according to TUIK; and 13.2% … Continue ReadingGuldem Atabay commentary: Base effect in inflation is over, tax hikes and depreciation signal a new leg up
Categories Economy HIGHLIGHTS Turkish cenbank governor, finmin to attend JP Morgan investor meeting on Friday Güldem AtabayPosted on3 August, 2023 Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek will attend a … Continue ReadingTurkish cenbank governor, finmin to attend JP Morgan investor meeting on Friday
