Categories Finance HIGHLIGHTS Markets CNBC: Turkish lira whipsaws following new loan ban Atilla YeşiladaPosted on27 June, 2022 Turkey’s new loan ban to companies with an excess of foreign exchange funds is meant … Continue ReadingCNBC: Turkish lira whipsaws following new loan ban
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 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 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 Business Company & Industry Finance HIGHLIGHTS Turkish Aviation: Heading towards a strong summer Cem CetingucPosted on8 June, 2022 Shift in traffic mix towards international routes should support profitability. Despite the headwinds from Omicron … Continue ReadingTurkish Aviation: Heading towards a strong summer
Categories Company & Industry Finance General HIGHLIGHTS Banking industry: FX protected deposit scheme boosts NII Cem CetingucPosted on6 June, 20226 June, 2022 45% monthly ROE on lower provisions and OPEX Turkish banking sector’s April net income is … Continue ReadingBanking industry: FX protected deposit scheme boosts NII
Categories Business Company & Industry Emerging Markets Finance HIGHLIGHTS IsDB to invest on eliminating food supply problems: Nebati Cem CetingucPosted on5 June, 2022 The Islamic Development Bank (IsDB) Group works to eliminate problems in the food supply and … Continue ReadingIsDB to invest on eliminating food supply problems: Nebati
Categories Finance HIGHLIGHTS Markets Who can save the sickly Turkish Lira? Atilla YeşiladaPosted on3 June, 20223 June, 2022 On Friday, 3 June, the Turkish lira dropped to its lowest level since the December … Continue ReadingWho can save the sickly Turkish Lira?
Categories Economy Finance General HIGHLIGHTS Macro Snapshot: Manufacturing PMI remained stable at 49.2 in May Cem CetingucPosted on2 June, 2022 Manufacturing PMI remained stable at 49.2 in May and continued to stay at the contractionary … Continue ReadingMacro Snapshot: Manufacturing PMI remained stable at 49.2 in May
Categories Economy Finance General HIGHLIGHTS Macro View: Economic activity remains buoyant with pulled-forward domestic demand Cem CetingucPosted on1 June, 2022 1Q22 GDP growth reaches 7.3%, in line with expectations. TurkStat announced that 1Q22 GDP growth reached … Continue ReadingMacro View: Economic activity remains buoyant with pulled-forward domestic demand
Categories Finance HIGHLIGHTS JP Morgan on Central Bank of Turkey: CBRT remains on hold, signals new macroprudential measures Atilla YeşiladaPosted on26 May, 2022 As widely expected, the CBRT left its key policy rate unchanged at 14.0%. Also, as … Continue ReadingJP Morgan on Central Bank of Turkey: CBRT remains on hold, signals new macroprudential measures
Categories Finance HIGHLIGHTS Markets Morgan Stanley: CBT Preview: Something’s Gotta Give Atilla YeşiladaPosted on26 May, 2022 We expect the CBT to stay on hold on May 26, but the need for … Continue ReadingMorgan Stanley: CBT Preview: Something’s Gotta Give
Categories Finance HIGHLIGHTS Central Bank FX reserves drop $5 bn in a week Atilla YeşiladaPosted on20 May, 2022 Central Bank of Turkey is spending its last bullets to defend a de-facto “peg” on … Continue ReadingCentral Bank FX reserves drop $5 bn in a week
Categories Finance HYPED Markets Macro Thoughts: May 2022 – Shiny Happy People Atilla YeşiladaPosted on20 May, 2022 This time we’ll keep this piece short and sweet. Last month we opined that «The … Continue ReadingMacro Thoughts: May 2022 – Shiny Happy People
Categories Finance HIGHLIGHTS Reuters: Turkey’s planned inflation-linked bonds could sap deposits Atilla YeşiladaPosted on18 May, 2022 Some banks are concerned that Turkey’s deposit base could decline as investors, eager to protect … Continue ReadingReuters: Turkey’s planned inflation-linked bonds could sap deposits
Categories Columnists Finance HIGHLIGHTS Tim Ash: Where is the Turkish Lira headed? Atilla YeşiladaPosted on18 May, 2022 Editor’s Note: On 18 May, at 8:00 am Turkish time, dollar/TL is trading at 15.82 … Continue ReadingTim Ash: Where is the Turkish Lira headed?
Categories Economy Finance General HIGHLIGHTS Y.F. Macro Focus: Transfers to FX protected deposit accounts and SOEs put downward pressure Cem CetingucPosted on16 May, 2022 In April, budget gave a deficit of TRY50.2bn (Apr.21: TRY-16.9bn, Mar.22: TRY-69bn). Despite, there was no … Continue ReadingY.F. Macro Focus: Transfers to FX protected deposit accounts and SOEs put downward pressure
Categories Finance HIGHLIGHTS Markets Standard Chartered: Tourism has the potential to get TL out the bind, but Ankara to squander opportunity Atilla YeşiladaPosted on14 May, 2022 Opportunity, but it may be squandered The TRY is particularly exposed to the Russia-Ukraine war. … Continue ReadingStandard Chartered: Tourism has the potential to get TL out the bind, but Ankara to squander opportunity
Categories Economy Finance HIGHLIGHTS Commentary: Turkey’s Slow-Motion Currency Crash Atilla YeşiladaPosted on13 May, 2022 It is the time of the year, when Turkey has another currency crash. It happens … Continue ReadingCommentary: Turkey’s Slow-Motion Currency Crash
Categories Company & Industry Finance HIGHLIGHTS Markets Turkey Food Retail: Strong top-line growth helps deliver stable profitability Cem CetingucPosted on12 May, 2022 Strong growth momentum with trade down environment: Turkish food retailers report strong sales growth momentum … Continue ReadingTurkey Food Retail: Strong top-line growth helps deliver stable profitability
