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 Finance BofA ML Türkiye Focus: 1Q pessimism is likely temporary Atilla YeşiladaPosted on13 March, 2024 The effect of wage increases, acceleration in loans and speculative FX demand was felt clearly … Continue ReadingBofA ML Türkiye Focus: 1Q pessimism is likely temporary
Categories Economy Is Bank Research: Massive improvement in January current account deficit, more to come.. Atilla YeşiladaPosted on12 March, 2024 Current account deficit became 2.6 billion USD in January. Current account posted a deficit of … Continue ReadingIs Bank Research: Massive improvement in January current account deficit, more to come..
Categories Economy General HIGHLIGHTS Title corrected: Simsek promises fiscal rectitude to help CB lower inflation Cem CetingucPosted on12 March, 202412 March, 2024 Türkiye’s finance minister Mehmet Simsek announced on Monday the government’s determination to tighten fiscal policies to support … Continue ReadingTitle corrected: Simsek promises fiscal rectitude to help CB lower inflation
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 Finance HIGHLIGHTS FX market volatility is provisional: Minister Şimşek Cem CetingucPosted on11 March, 2024 The recent volatility in the FX market should be viewed as temporary, Treasury and Finance Minister Mehmet Şimşek has … Continue ReadingFX market volatility is provisional: Minister Şimşek
Categories Economy General HIGHLIGHTS Politics Russia-Iran to form new economic alliance Cem CetingucPosted on10 March, 2024 The Caucasus is the key link in a rapidly developing “value chain” forged by Russia … Continue ReadingRussia-Iran to form new economic alliance
Categories Economy General HIGHLIGHTS GDP data: Long way to go to rebalance Turkish economy Cem CetingucPosted on10 March, 2024 Turkey’s fourth-quarter GDP data showed that private spending has accelerated despite an increasingly restrictive policy stance … Continue ReadingGDP data: Long way to go to rebalance Turkish economy
Categories Economy Finance HIGHLIGHTS Fitch upgrades Turkey’s sovereign rating to B+ on tighter monetary policies, Simsek claims credit Atilla YeşiladaPosted on9 March, 2024 Fitch upgraded Turkey’s rating to “B+” from “B” on Friday, saying tighter approaches to monetary … Continue ReadingFitch upgrades Turkey’s sovereign rating to B+ on tighter monetary policies, Simsek claims credit
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 Economy HIGHLIGHTS JPMorgan reveals new forecast after inflation hike in Turkey Cem CetingucPosted on5 March, 2024 LONDON (Reuters) – Stronger-than-expected Turkish inflation data led JPMorgan on Monday to add another 500 … Continue ReadingJPMorgan reveals new forecast after inflation hike in Turkey
Categories Economy HIGHLIGHTS Mehmet Simsek lays out post-election policy course Atilla YeşiladaPosted on4 March, 2024 Treasury and Finance Minister Mehmet Şimşek appeared on financial TV broadcaster BloombergHT’ s morning news … Continue ReadingMehmet Simsek lays out post-election policy course
Categories Economy ING: Turkey faces continuing price pressures Atilla YeşiladaPosted on4 March, 20244 March, 2024 Annual Turkish inflation came in higher than expected in February, and it’s expected to go … Continue ReadingING: Turkey faces continuing price pressures
Categories Economy HIGHLIGHTS Markets Turkey seeks foreign investments for economic boost Cem CetingucPosted on4 March, 2024 Grappling with economic woes unseen in decades, Türkiye is seeking to shore up foreign investments … Continue ReadingTurkey seeks foreign investments for economic boost
Categories Economy General HIGHLIGHTS Turkey: Long way from economic recovery Cem CetingucPosted on4 March, 20244 March, 2024 Headline GDP growth came in stronger than expected at 4.0% year-on-year while sequential growth accelerated … Continue ReadingTurkey: Long way from economic recovery
Categories Company & Industry Economy HIGHLIGHTS Turkish foreign policy focuses on energy sector Cem CetingucPosted on4 March, 20244 March, 2024 Turkey has an energy dependence problem. For the past two decades, Ankara’s energy needs have … Continue ReadingTurkish foreign policy focuses on energy sector
Categories Economy General HIGHLIGHTS Affordable meat lines form in front of Turkish state-stores prior to Ramadan Cem CetingucPosted on29 February, 202429 February, 2024 People formed long queues in front of Turkey’s state-run “Meat and Milk Board” stores to … Continue ReadingAffordable meat lines form in front of Turkish state-stores prior to Ramadan
Categories Economy HIGHLIGHTS Yılmaz: Turkish economic program working as planned Cem CetingucPosted on29 February, 2024 Vice President Cevdet Yılmaz met with international investors and fund managers in London on Tuesday, … Continue ReadingYılmaz: Turkish economic program working as planned
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 Eurozone economy remains stuck in stagnation Cem CetingucPosted on28 February, 2024 Economic sentiment fell again in February, from 95.8 to 95.4. The economy remains stuck in … Continue ReadingEurozone economy remains stuck in stagnation