Categories Finance HIGHLIGHTS Markets Mehmet Karacuka: Stock market and the economıc crısıs Atilla YeşiladaPosted on24 September, 2023 “The decrease in income and interest rates does not affect every sector equally and symmetrically … Continue ReadingMehmet Karacuka: Stock market and the economıc crısıs
Categories Atilla Yeşilada Finance HIGHLIGHTS ANALSIS: CBRT’s 500 basis point rate hike signals a brand new monetary regime Atilla YeşiladaPosted on21 September, 202321 September, 2023 This is a quick analysis by Atilla Yesilada about the importance of Central Bank’s (CBRT) … Continue ReadingANALSIS: CBRT’s 500 basis point rate hike signals a brand new monetary regime
Categories Business Finance HIGHLIGHTS Şimşek: The bottleneck in foreign financing is being solved Atilla YeşiladaPosted on19 September, 2023 Minister of Treasury and Finance Mehmet Şimşek stated that Turkey overcame the problems in accessing … Continue ReadingŞimşek: The bottleneck in foreign financing is being solved
Categories Finance HIGHLIGHTS Markets Standart Chartered: Substantial rate hikes to continue in Türkiye Atilla YeşiladaPosted on16 September, 2023 We now expect the central bank to hike the policy rate by 500bps at its … Continue ReadingStandart Chartered: Substantial rate hikes to continue in Türkiye
Categories Finance HIGHLIGHTS Markets Barclay’s predicts “modest CB” rate hike, higher dollar/TL Atilla YeşiladaPosted on16 September, 2023 The Central Bank Monetary Policy Committee (PPK) increased its key interest rate by 750 basis … Continue ReadingBarclay’s predicts “modest CB” rate hike, higher dollar/TL
Categories Business Finance HYPED Gold Warning from Goldman Sachs to Turkey Atilla YeşiladaPosted on13 September, 2023 According to the balance of payments data published by the Central Bank of the Republic … Continue ReadingGold Warning from Goldman Sachs to Turkey
Categories Finance Markets JP Morgan: Türkiye: Fiscal stimulus suggests faster rate hikes Atilla YeşiladaPosted on13 September, 2023 The macro projections in the medium-term economic programme for 2024-2026 look realistic, and suggest accommodative … Continue ReadingJP Morgan: Türkiye: Fiscal stimulus suggests faster rate hikes
Categories Finance HIGHLIGHTS Barclays raises policy rate forecast, warns about TL weakness Atilla YeşiladaPosted on12 September, 2023 British bank Barclays issued a new report where its analysts expect the CBRT policy rate … Continue ReadingBarclays raises policy rate forecast, warns about TL weakness
Categories Finance HIGHLIGHTS Fitch statement on Turkey’s sovereign rating Atilla YeşiladaPosted on9 September, 2023 Significant Policy Shift The revision of the Outlook to Stable reflects the return to a … Continue ReadingFitch statement on Turkey’s sovereign rating
Categories Finance HIGHLIGHTS Moody’s: Kudos to Turkey, but no rating upgrade Atilla YeşiladaPosted on7 September, 2023 Moody’s has signaled that Turkey’s reembrace of conventional economic policymaking since Tayyip Erdogan’s May election … Continue ReadingMoody’s: Kudos to Turkey, but no rating upgrade
Categories Finance HIGHLIGHTS Markets Why did the TL drop after the Central Bank rate hike? Atilla YeşiladaPosted on25 August, 2023 TL gained 2.5% vs USD in late Friday trading hours, after coming under immense selling … Continue ReadingWhy did the TL drop after the Central Bank rate hike?
Categories Economy Finance General Monetary policy: Experimenting with dual interest rates Atilla YeşiladaPosted on24 August, 2023 We expect the CBRT interest rate hike to be around 200 basis points. The recent … Continue ReadingMonetary policy: Experimenting with dual interest rates
Categories Economy Finance HIGHLIGHTS Will the Central Bank be able to catch up with the market? Atilla YeşiladaPosted on22 August, 2023 Expectations are for 250 basis points increase Economists participating in the expectations survey of AA … Continue ReadingWill the Central Bank be able to catch up with the market?
Categories Business Finance HIGHLIGHTS Turks appetite for gold stoked by roaring inflation, sickly currency, low deposit rates Atilla YeşiladaPosted on22 August, 2023 Turks have historically held a lot of gold, both in jewelry and investment form. The … Continue ReadingTurks appetite for gold stoked by roaring inflation, sickly currency, low deposit rates
Categories Finance HIGHLIGHTS Central Bank of Turkey takes another step towards ending financial restrictions Atilla YeşiladaPosted on20 August, 2023 Turkey’s central bank (CBRT) began rolling back on Sunday a growing and costly scheme that … Continue ReadingCentral Bank of Turkey takes another step towards ending financial restrictions
Categories Business Finance HIGHLIGHTS Two state banks raise $1.1 bn from “undisclosed“ sources Atilla YeşiladaPosted on17 August, 202317 August, 2023 Ziraat Bank announced that it has obtained long-term foreign financing of 600 million dollars from … Continue ReadingTwo state banks raise $1.1 bn from “undisclosed“ sources
Categories Business Finance HIGHLIGHTS Markets Moody’s upgrades Turkish banks, banks try to rally Atilla YeşiladaPosted on15 August, 2023 Moody’s Investor Services has upgraded its outlook for Turkey’s banking sector from negative to stable, … Continue ReadingMoody’s upgrades Turkish banks, banks try to rally
Categories Economy Finance HIGHLIGHTS Investment bank projects rising Central Bank reserves Atilla YeşiladaPosted on14 August, 202314 August, 2023 Barclays, one of the leading investment banks in England, projected in its emerging markets research … Continue ReadingInvestment bank projects rising Central Bank reserves
Categories Business Finance HYPED Defense from Halkbank: Guilty verdict will directly harm Turkish sovereign Atilla YeşiladaPosted on2 August, 2023 Accused of violating sanctions on Iran in the United States, Halkbank defense attorneys claimed in … Continue ReadingDefense from Halkbank: Guilty verdict will directly harm Turkish sovereign
Categories Finance HYPED Markets BofA on Turkish telecom sector: Inflation to reaccelerate but sector better prepared – still prefer Turkcell Atilla YeşiladaPosted on30 July, 2023 Only limited negative sector growth despite inflation BofA economists expect Turkish inflation to pick up … Continue ReadingBofA on Turkish telecom sector: Inflation to reaccelerate but sector better prepared – still prefer Turkcell
