Categories Economy Finance HIGHLIGHTS World Bank: Turkish financial stability threatened by interest rate cuts Atilla YeşiladaPosted on8 October, 2021 Turkey is faced with possible financial instability after the central bank cut interest rates to … Continue ReadingWorld Bank: Turkish financial stability threatened by interest rate cuts
Categories Economy HIGHLIGHTS Turkey Governor Says Policy Tight Enough After Surprise Rate Cut Güldem AtabayPosted on7 October, 2021 Turkey’s monetary policy stance remains tight enough even after its unexpected rate cut last month, Central … Continue ReadingTurkey Governor Says Policy Tight Enough After Surprise Rate Cut
Categories Economy Emerging Markets HIGHLIGHTS HYPED Timothy Ash: Why EM worries me Güldem AtabayPosted on7 October, 2021 Just kicking around the EM story but I would argue that the global environment worries … Continue ReadingTimothy Ash: Why EM worries me
Categories Economy Politics Kılıçdaroğlu criticizes economic policy, warns citizens of possible price hikes Cem CetingucPosted on7 October, 20218 October, 2021 The Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu criticized the government for its economic policies and … Continue ReadingKılıçdaroğlu criticizes economic policy, warns citizens of possible price hikes
Categories Economy Turkey’s inflation bursts at seems Cem CetingucPosted on7 October, 2021 Annual inflation rose to 19.58 in September from 19.25 per cent in August, according to … Continue ReadingTurkey’s inflation bursts at seems
Categories Economy HIGHLIGHTS Politics Turkey plans more steps on food prices after inflation nears 20 percent Güldem AtabayPosted on6 October, 2021 Turkey’s government is planning to take further measures to control a surge in food prices … Continue ReadingTurkey plans more steps on food prices after inflation nears 20 percent
Categories Economy HIGHLIGHTS Politics Demirören’s debt restructuring talks now cover USD2.0 bln Güldem AtabayPosted on5 October, 2021 Demirören Holding, Turkey’s largest media owner, is in talks with banks to restructure some $2 … Continue ReadingDemirören’s debt restructuring talks now cover USD2.0 bln
Categories Economy Turkish inflation accelerates at a rate never seen in two and a half years Cem CetingucPosted on5 October, 20215 October, 2021 Turkish inflation accelerated to its fastest rate in two-and-a-half years in September as President Recep … Continue ReadingTurkish inflation accelerates at a rate never seen in two and a half years
Categories Economy Finance Macro Snapshot: Net FX Position of Non-Financial Companies Cem CetingucPosted on5 October, 2021 In July, net FX position of the non- financials was decreased by USD5.6bn to USD57.6bn with … Continue ReadingMacro Snapshot: Net FX Position of Non-Financial Companies
Categories Economy Commentary: Headline CPI inflation in line, but core inflation considerably high Atilla YeşiladaPosted on5 October, 2021 Both headline CPI inflation and core CPI inflation increased on a YoY basis in September. … Continue ReadingCommentary: Headline CPI inflation in line, but core inflation considerably high
Categories Economy HIGHLIGHTS Politics Analysis: Eye on polls, Turkey’s Erdogan may regret rate cut he pushed for Güldem AtabayPosted on4 October, 2021 President Tayyip Erdogan’s belief that a shock interest rate cut will stoke up Turkey’s economy … Continue ReadingAnalysis: Eye on polls, Turkey’s Erdogan may regret rate cut he pushed for
Categories Economy HIGHLIGHTS Turkey’s inflation is surging yet rate cuts are due Güldem AtabayPosted on4 October, 2021 State Statistic Office (Turkstat) announced Turkey’s consumer price inflation accelerating 19.58% in September from 19.25% … Continue ReadingTurkey’s inflation is surging yet rate cuts are due
Categories Company & Industry Economy Macro Snapshot: Manufacturing PMI, September 2021 Cem CetingucPosted on4 October, 2021 Manufacturing PMI was 52.5 (Prior: 54.1) in September and 53.5 in (2Q21: 50,3, 3Q21: 54,7). … Continue ReadingMacro Snapshot: Manufacturing PMI, September 2021
Categories Business Economy Karpowership cuts off electricity to Lebanon amid crisis Cem CetingucPosted on3 October, 20213 October, 2021 A Turkish company supplying electricity to Lebanon from two power barges off the coast of … Continue ReadingKarpowership cuts off electricity to Lebanon amid crisis
Categories Business Economy HIGHLIGHTS Bloomberg HT Consumer Confidence Index declines in September 2021 Atilla YeşiladaPosted on1 October, 2021 Turkey’s premier private consumer confidence index registered a small decline MoM in September, in contrast … Continue ReadingBloomberg HT Consumer Confidence Index declines in September 2021
Categories Economy Macro Snapshot: Foreign Trade Statistics Cem CetingucPosted on1 October, 2021 Foreign trade deficit decreased by 32.4% YoY to US4.3bn in August and decreased by 4.2% … Continue ReadingMacro Snapshot: Foreign Trade Statistics
Categories Economy HIGHLIGHTS Central Bank’s rationale for rate cut versus inflation pressures Güldem AtabayPosted on30 September, 2021 The Central Bank of Turkey (CBRT) announced the monetary policy meeting notes of its rate … Continue ReadingCentral Bank’s rationale for rate cut versus inflation pressures
Categories Economy HIGHLIGHTS Reuters: Turkish inflation to hit 19.7 percent in September Güldem AtabayPosted on30 September, 20211 October, 2021 Turkey’s inflation is expected to rise to 19.7 percent in September, according to a Reuters poll published … Continue ReadingReuters: Turkish inflation to hit 19.7 percent in September
Categories Economy HIGHLIGHTS Politics Amid Tensions With U.S., Erdogan Praises Ties with Russia Güldem AtabayPosted on29 September, 2021 Relations between President Recep Tayyip Erdogan and the Biden administration may be frayed, but on … Continue ReadingAmid Tensions With U.S., Erdogan Praises Ties with Russia
Categories Economy General Economic absurdity of Erdogan Cem CetingucPosted on29 September, 2021 Turkish President Recep Erdogan’s pride in his country’s recent interest rate cut calls to mind the apocryphal story … Continue ReadingEconomic absurdity of Erdogan