Categories Economy HIGHLIGHTS Politics VP Cevdet Yilmaz: No change in austerity program after the elections Atilla YeşiladaPosted on20 March, 2024 Speaking to businesspeople in Ankara, Vice President Cevdet Yılmaz stated that local elections are not … Continue ReadingVP Cevdet Yilmaz: No change in austerity program after the elections
Categories Economy General HIGHLIGHTS Consumer Confidence Index increased in March: Turkstat Cem CetingucPosted on20 March, 202420 March, 2024 Consumer confidence index realized as 79.4 Consumer confidence index, calculated from the results of the … Continue ReadingConsumer Confidence Index increased in March: Turkstat
Categories Economy HIGHLIGHTS Politics WSJ: Russia’s Backdoor to the Global Banking System Is Slamming Shut-Turkish lenders have become more cautious Güldem AtabayPosted on20 March, 2024 The Wall Street Journal (WSJ) reports that Turkish companies and banks have become cautious in … Continue ReadingWSJ: Russia’s Backdoor to the Global Banking System Is Slamming Shut-Turkish lenders have become more cautious
Categories Company & Industry Economy Finance HIGHLIGHTS Markets TEPAV: Rate hike should be 500 bps as two main problems emphasized Güldem AtabayPosted on19 March, 202419 March, 2024 In its ‘Monetary Policy Assessment Note’, TEPAV emphasized that the policy rate should be raised … Continue ReadingTEPAV: Rate hike should be 500 bps as two main problems emphasized
Categories Economy HIGHLIGHTS Politics Political Scientist Arzu Yilmaz: Turkey’s plans to establish a trade route in Iraq has nowhere to go Editor P.A.Posted on19 March, 202419 March, 2024 For some time now, contacts between Ankara and Baghdad have gained momentum… One of the … Continue ReadingPolitical Scientist Arzu Yilmaz: Turkey’s plans to establish a trade route in Iraq has nowhere to go
Categories Economy Finance HIGHLIGHTS Türkiye’s short-term external debt stock declines on January Cem CetingucPosted on18 March, 2024 Türkiye’s short-term external debt stock was recorded at $174.9 billion at the end of January, … Continue ReadingTürkiye’s short-term external debt stock declines on January
Categories Economy General HIGHLIGHTS Politics What will be the fate of Turkish economy as elections approach? Cem CetingucPosted on18 March, 202418 March, 2024 In the run-up to significant local elections this month, Türkiye stands at a critical juncture, … Continue ReadingWhat will be the fate of Turkish economy as elections approach?
Categories Economy General HIGHLIGHTS CBRT tightens monetary policy after rate hikes Cem CetingucPosted on18 March, 2024 Turkey’s central bank is opting for a different monetary tightening method as it grapples with … Continue ReadingCBRT tightens monetary policy after rate hikes
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 General HIGHLIGHTS Knight Frank: Turkey Leads Surge in Ultra-Wealthy Population Cem CetingucPosted on15 March, 2024 Türkiye emerged as the frontrunner in the surge of ultra-rich people worldwide last year, according to … Continue ReadingKnight Frank: Turkey Leads Surge in Ultra-Wealthy Population
Categories Economy HIGHLIGHTS Markets Report: Iran’s Economy Lags Behind Regional Rivals for 50 Years Cem CetingucPosted on15 March, 2024 Iran’s economy has significantly fallen behind its regional competitors over the past half-century, according to … Continue ReadingReport: Iran’s Economy Lags Behind Regional Rivals for 50 Years
Categories Economy General HIGHLIGHTS Fitch analyst states Turkish economic policy pivot ‘more durable’ Cem CetingucPosted on15 March, 202415 March, 2024 Fitch Ratings has “greater confidence” that Türkiye’s current economic policy pivot is “more durable,” a … Continue ReadingFitch analyst states Turkish economic policy pivot ‘more durable’
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 Business Economy HIGHLIGHTS Markets UK-Turkey talks start for “modernized trade deal” Cem CetingucPosted on14 March, 202414 March, 2024 The UK today launches talks with Turkey on a new, modernised trade deal targeting the … Continue ReadingUK-Turkey talks start for “modernized trade deal”
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 Persistent inflation in Turkey spurs calls for further interest rate hikes Cem CetingucPosted on13 March, 2024 As inflation is soaring in Türkiye, the central bank’s decision to halt monetary tightening is … Continue ReadingPersistent inflation in Turkey spurs calls for further interest rate hikes
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