Categories Economy Finance General HIGHLIGHTS Markets Lira Surges, Stocks Fall as Turkey Introduces New Loan Ban Güldem AtabayPosted on27 June, 2022 The Turkish lira headed for its biggest gain this year, extending Friday’s advance after the … Continue ReadingLira Surges, Stocks Fall as Turkey Introduces New Loan Ban
Categories Economy HIGHLIGHTS Markets Politics Turkey’s Ban on Lira Loans to Some Firms Fires Up Currency Rally Güldem AtabayPosted on24 June, 2022 Turkey stepped up efforts to bolster the lira and cool off lending with a surprise … Continue ReadingTurkey’s Ban on Lira Loans to Some Firms Fires Up Currency Rally
Categories Economy Finance HIGHLIGHTS JP Morgan: Turkey: the CBRT shows no intention of tightening its policy Atilla YeşiladaPosted on24 June, 2022 Despite stronger price pressures and tighter global liquidity, the CBRT, once again, kept rates unchanged … Continue ReadingJP Morgan: Turkey: the CBRT shows no intention of tightening its policy
Categories Economy General HIGHLIGHTS Politics Erdoğan may call Turkish elections for May next year Güldem AtabayPosted on22 June, 2022 Turkish President Recep Tayyip Erdoğan may call presidential and parliamentary elections for May next year, … Continue ReadingErdoğan may call Turkish elections for May next year
Categories Economy HIGHLIGHTS Politics Turkey’s consumer confidence extends record low in May Güldem AtabayPosted on22 June, 2022 Turkey’s benchmark index of consumer confidence extended a record low last month as inflation hit … Continue ReadingTurkey’s consumer confidence extends record low in May
Categories Economy HIGHLIGHTS Politics 70 percent of Turks unable to go on holiday amid financial woes, finds survey Güldem AtabayPosted on22 June, 2022 Some 70 percent of Turkish citizens reported having no holiday plans amid financial woes, according … Continue Reading70 percent of Turks unable to go on holiday amid financial woes, finds survey
Categories Economy HIGHLIGHTS Politics Turkey Plans Stealth Power Hikes Hoping to Avoid Repeat of Protests Güldem AtabayPosted on21 June, 2022 Turkey aims to raise electricity prices steadily throughout the year to avoid a repeat of … Continue ReadingTurkey Plans Stealth Power Hikes Hoping to Avoid Repeat of Protests
Categories Economy HIGHLIGHTS Politics Saudi crown prince visits Egypt and Jordan before Turkey Güldem AtabayPosted on21 June, 2022 A Saudi diplomat said that Saudi Crown Prince Mohammed bin Salman begins a regional tour on … Continue ReadingSaudi crown prince visits Egypt and Jordan before Turkey
Categories Economy HIGHLIGHTS Turkey runs out of budget by June! Atilla YeşiladaPosted on21 June, 2022 Turkey’s government has submitted a proposal to parliament for a supplementary budget of some 1 … Continue ReadingTurkey runs out of budget by June!
Categories Economy HIGHLIGHTS Goldman sees Turkey inflation of near 80% before relief comes Atilla YeşiladaPosted on17 June, 2022 Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80% … Continue ReadingGoldman sees Turkey inflation of near 80% before relief comes
Categories Economy Finance General HIGHLIGHTS Markets Turkey Wants to Claw Back More Dollars With Cheap Exporter Loans Güldem AtabayPosted on13 June, 2022 Turkey is making another effort to arrest a precipitous decline in its currency by dangling … Continue ReadingTurkey Wants to Claw Back More Dollars With Cheap Exporter Loans
Categories Economy General HIGHLIGHTS Turkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes Güldem AtabayPosted on13 June, 2022 The cost to insure against a debt default by Turkey’s government in the next five … Continue ReadingTurkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes
Categories Economy HIGHLIGHTS April CA deficit rises to USD 21.1bn in first trimester from USD9.1 year ago Atilla YeşiladaPosted on13 June, 2022 In April, Current Account (CA) posted a monthly deficit of USD2.7bn (Cons.: USD -3.1bn) vs … Continue ReadingApril CA deficit rises to USD 21.1bn in first trimester from USD9.1 year ago
Categories Economy HIGHLIGHTS Lira Swings, CDS Surge as New Measures Fail to Ease Concerns Güldem AtabayPosted on10 June, 2022 The Turkish lira whipsawed with surging credit-default swaps as investors appeared underwhelmed by the series … Continue ReadingLira Swings, CDS Surge as New Measures Fail to Ease Concerns
Categories Economy HIGHLIGHTS UPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira Güldem AtabayPosted on10 June, 202210 June, 2022 On Friday evening, the Treasury disclosed the details of the revenue-indexed bonds. The base-line revenues … Continue ReadingUPDATE (yield added): Turkey Announces New, Revenue-Indexed Bonds to Bolster Lira
Categories Economy HIGHLIGHTS Politics Venezuelan President Maduro visits Turkey, meets Erdogan Güldem AtabayPosted on8 June, 2022 Venezuelan President Nicolas Maduro will pay a two-day official visit to Turkey beginning on Tuesday, … Continue ReadingVenezuelan President Maduro visits Turkey, meets Erdogan
Categories Economy HIGHLIGHTS S&P warns: Turkey risks introducing additional capital controls Güldem AtabayPosted on8 June, 2022 International credit rating agency Standard & Poor’s (S&P) said Turkey is at increased risk of … Continue ReadingS&P warns: Turkey risks introducing additional capital controls
Categories Economy General HIGHLIGHTS UPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine Güldem AtabayPosted on8 June, 20228 June, 2022 UPDATE: Grain Talks in Ankara Show No Signs of Progress (Bloomberg) — Talks between Russia … Continue ReadingUPDATE: Russia and Turkey raise hopes of grain export corridor from Ukraine
Categories Economy HIGHLIGHTS Markets Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand Güldem AtabayPosted on8 June, 20228 June, 2022 Turkey’s lira tumbled beyond 17 per dollar for the first time since December amid a … Continue ReadingLira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand
Categories Economy Emerging Markets General HIGHLIGHTS Markets Reuters: Turkish Lira continues to weaken, Nebati says rates to stay put Cem CetingucPosted on7 June, 20227 June, 2022 Turkey’s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to … Continue ReadingReuters: Turkish Lira continues to weaken, Nebati says rates to stay put