Categories Economy HIGHLIGHTS Politics Opposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day Güldem AtabayPosted on24 November, 2021 Speaking at his party’s parliamentary group meeting, main opposition Republican People’s Party (CHP) Chair … Continue ReadingOpposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day
Categories Economy Finance HIGHLIGHTS Understanding Turkey’s Phenomenal Currency Collapse | Real Turkey Atilla YeşiladaPosted on24 November, 2021 Understanding Turkey’s Phenomenal Currency Collapse Turkish Lira lost more than 40% of … Continue ReadingUnderstanding Turkey’s Phenomenal Currency Collapse | Real Turkey
Categories Economy General HIGHLIGHTS Markets Politics Central bank announcement aids little to TL Güldem AtabayPosted on23 November, 202123 November, 2021 Turkish President Erdogan met with central bank Governor Kavcioglu in the afternoon of the worst … Continue ReadingCentral bank announcement aids little to TL
Categories Economy HIGHLIGHTS Politics Former ECHR judge: Turkey not releasing Kavala, Demirtaş may trigger expulsion Güldem AtabayPosted on22 November, 2021 The continued imprisonment of Turkish philanthropist Osman Kavala and Kurdish politician Selahattin Demirtaş may result … Continue ReadingFormer ECHR judge: Turkey not releasing Kavala, Demirtaş may trigger expulsion
Categories Economy HIGHLIGHTS Turkey shows emerging markets how not to manage a currency – ex-IMF official Güldem AtabayPosted on22 November, 2021 Turkey is demonstrating to other emerging markets how not to manage a currency, said Desmond … Continue ReadingTurkey shows emerging markets how not to manage a currency – ex-IMF official
Categories Economy HIGHLIGHTS TL weakness pulls down Tukey’s Consumer Confidence Index to all time low Güldem AtabayPosted on22 November, 2021 Seasonally-adjusted consumer confidence index (CCI) in Turkey worsened to 71.1 in November from 76.8 the … Continue ReadingTL weakness pulls down Tukey’s Consumer Confidence Index to all time low
Categories Economy Finance HIGHLIGHTS Excessive rate cuts open Pandora’s Box Atilla YeşiladaPosted on22 November, 2021 After Turkey’s central bank cut rates by another 100bps last Thursday, the lira plummeted to … Continue ReadingExcessive rate cuts open Pandora’s Box
Categories Economy Emerging Markets General HYPED IIF: Global debt dips in 3Q, but EMs full speed… Atilla YeşiladaPosted on18 November, 2021 Global debt dipped in the third quarter of 2021 though it remained near the record … Continue ReadingIIF: Global debt dips in 3Q, but EMs full speed…
Categories Economy Finance HIGHLIGHTS Morgan Stanley bets on more rate cuts, weaker TL Atilla YeşiladaPosted on18 November, 2021 We see a 100bp cut to 15.00% by the CBT this week, although a larger … Continue ReadingMorgan Stanley bets on more rate cuts, weaker TL
Categories Economy Finance HIGHLIGHTS ANALYSIS: Cutting interest rates further would be too risky Atilla YeşiladaPosted on17 November, 2021 Turkey’s central bank is widely anticipated to trim interest rates further on November 18 despite … Continue ReadingANALYSIS: Cutting interest rates further would be too risky
Categories Economy HIGHLIGHTS Turkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira Güldem AtabayPosted on17 November, 2021 Turkey’s state energy company BOTAS is expected to turn to the central bank to help … Continue ReadingTurkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira
Categories Economy HIGHLIGHTS Erdogan calls for lower rates again ahead of the central bank decision meeting Güldem AtabayPosted on17 November, 2021 Speaking at the AKP’s Group Meeting, President Erdogan said he would continue fighting for lower … Continue ReadingErdogan calls for lower rates again ahead of the central bank decision meeting
Categories Economy General World Bank Vice President warned Turkey against outcomes of the inflation trend Cem CetingucPosted on15 November, 202115 November, 2021 World Bank Vice President for Europe and Central Asia Anna Bjerde welcomed the positive growth of Turkey’s … Continue ReadingWorld Bank Vice President warned Turkey against outcomes of the inflation trend
Categories Economy General School break revitalizes tourism sector in Turkey Cem CetingucPosted on15 November, 2021 Scores of people, especially students, are flocking to Turkey’s major holiday destinations, such as Antalya, Cappadocia and Lake Abant, … Continue ReadingSchool break revitalizes tourism sector in Turkey
Categories Economy HIGHLIGHTS Macro Focus: In 10M21, only 1/3 of the budget deficit target completed Cem CetingucPosted on15 November, 2021 In October, budget gave a deficit of TRY17.4bn (Oct.20: TRY-4.9bn, Sep.21: TRY-23.6bn). Despite, there was no … Continue ReadingMacro Focus: In 10M21, only 1/3 of the budget deficit target completed
Categories Economy Emerging Markets HIGHLIGHTS Turkey the black sheep among tightening EM Central Banks Atilla YeşiladaPosted on15 November, 2021 The inflation debate has heated up of late, with increasing concern that the so-called transitory … Continue ReadingTurkey the black sheep among tightening EM Central Banks
Categories Business Economy BBVA Turkey | Industrial Production remained strong in 3Q Atilla YeşiladaPosted on13 November, 2021 Industrial Production (IP) grew parallel to expectations by 8.9% yoy in calendar adjusted terms (8.8% … Continue ReadingBBVA Turkey | Industrial Production remained strong in 3Q
Categories Business Economy HYPED Kaya Özyürek and Joseph Wang on Central Banking Atilla YeşiladaPosted on12 November, 2021 Kaya Özyürek and Joseph Wang, former senior trader on the open market operations desk … Continue ReadingKaya Özyürek and Joseph Wang on Central Banking
Categories Economy HIGHLIGHTS Politics Turkey’s Conundrum: How robust growth and poverty go hand in hand? Atilla YeşiladaPosted on12 November, 2021 Turkey’s Conundrum: How robust growth and poverty go hand in hand? Welcome to … Continue ReadingTurkey’s Conundrum: How robust growth and poverty go hand in hand?
Categories Economy General Hefty increase in minimum wage is expected in Turkey Cem CetingucPosted on12 November, 202112 November, 2021 Gizem Öztok Altınsaç, Chief Economist of the Turkish Industrialists’ and Businessmen’s Association (TÜSİAD), said she … Continue ReadingHefty increase in minimum wage is expected in Turkey