Categories Business Economy Finance HIGHLIGHTS BREAKING: As lira swings, some foreign banks review or scale back Turkey exposure – sources Atilla YeşiladaPosted on21 December, 202121 December, 2021 Reuters just published the following new item on Turkey, which we replicate here in summary … Continue ReadingBREAKING: As lira swings, some foreign banks review or scale back Turkey exposure – sources
Categories Economy HIGHLIGHTS Politics Kılıçdaroğlu promises economy will recover, if elected Cem CetingucPosted on20 December, 2021 The leader of the main opposition party, Kemal Kılıçdaroğlu, has reiterated his vow to recover the … Continue ReadingKılıçdaroğlu promises economy will recover, if elected
Categories Economy Finance General HIGHLIGHTS Feeding the fire? Turkish restaurants jack up prices to cover wage hike Cem CetingucPosted on20 December, 2021 Restaurants and other businesses in Turkey’s service sector say they will jack up prices next … Continue ReadingFeeding the fire? Turkish restaurants jack up prices to cover wage hike
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 Atilla Yeşilada Columnists Economy HIGHLIGHTS Turkish Economic Outlook 2022: WHAT a train wreck! Atilla YeşiladaPosted on19 December, 2021 Turkish Economic Outlook 2022: WHAT a train wreck! | Real Turkey Recap … Continue ReadingTurkish Economic Outlook 2022: WHAT a train wreck!
Categories Economy Finance General HIGHLIGHTS Markets Bitcoin skyrockets after Fed’s rate hike signal Cem CetingucPosted on17 December, 2021 Bitcoin jumped in value late Wednesday after the Federal Reserve (Fed) kept the policy rate … Continue ReadingBitcoin skyrockets after Fed’s rate hike signal
Categories Business Company & Industry Economy Finance HIGHLIGHTS The liquidity threat looming over markets in 2022 Cem CetingucPosted on17 December, 2021 After nearly two years of solid gains across stock markets, will the feared roller-coaster return? … Continue ReadingThe liquidity threat looming over markets in 2022
Categories Economy Finance HIGHLIGHTS Politics UPDATE (TL slump) CBRT cuts interest rates by 100 basis points Cem CetingucPosted on16 December, 202117 December, 2021 AP: Turkish lira dips to new low after another interest rate cut The Turkish lira hit … Continue ReadingUPDATE (TL slump) CBRT cuts interest rates by 100 basis points
Categories Economy General HIGHLIGHTS Turkish minimum wage increases 50 percent to TL4,250 Cem CetingucPosted on16 December, 202116 December, 2021 Turkey has increased minimum wage to 4,250 Turkish Liras, President Recep Tayyip Erdoğan announced on Dec. 16. urkey’s … Continue ReadingTurkish minimum wage increases 50 percent to TL4,250
Categories Economy Finance HIGHLIGHTS Markets IMF reminds interest rate risks as global debt rises to $226 trillion Cem CetingucPosted on16 December, 2021 Global debt surged to $226 trillion last year, its biggest one-year jump since World War … Continue ReadingIMF reminds interest rate risks as global debt rises to $226 trillion
Categories Economy Finance HIGHLIGHTS Macro Snapshot: Outstanding External Loans Received by Private Sector Cem CetingucPosted on16 December, 2021 In October, private sectors’ outstanding ST debt (included trade credits) increased by USD6.4bn to USD48.6bn … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector
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 General HIGHLIGHTS Turkish Lira plummets, brings doom to Northern Syria Cem CetingucPosted on14 December, 2021 Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighbouring … Continue ReadingTurkish Lira plummets, brings doom to Northern Syria
Categories Economy General HIGHLIGHTS Macro Snapshot: CBRT Survey of Market Participants Cem CetingucPosted on14 December, 2021 MoM expectations for next 3 months indicates that the monthly CPI data would remarkably above … Continue ReadingMacro Snapshot: CBRT Survey of Market Participants
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
Categories Economy Finance General HIGHLIGHTS Turkish Finance Minister: Market economy will prevail; “determined to not raise rates” Güldem AtabayPosted on13 December, 2021 Turkey’s new finance minister met with a group of businesspeople over the weekend to assure … Continue ReadingTurkish Finance Minister: Market economy will prevail; “determined to not raise rates”
Categories Economy Finance General HIGHLIGHTS Politics UBS Global Wealth Management discontinues coverage of TL Güldem AtabayPosted on13 December, 2021 Given the irrational economic policies of the AKP government that makes currency forecasting impossible on … Continue ReadingUBS Global Wealth Management discontinues coverage of TL
Categories Economy HIGHLIGHTS Politics Erdoğan deems social media a ‘threat to democracy’ Güldem AtabayPosted on12 December, 2021 President Recep Tayyip Erdoğan has deemed social media “one of the main sources of threats … Continue ReadingErdoğan deems social media a ‘threat to democracy’