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 Finance General HIGHLIGHTS Tim Ash assesses Erdogan’s new-new Economic Model Atilla YeşiladaPosted on21 December, 2021 Utterly insane. 12.30 – 18.30 lira trading range for the day. First, good news … Continue ReadingTim Ash assesses Erdogan’s new-new Economic Model
Categories Finance HIGHLIGHTS Markets How do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease) Atilla YeşiladaPosted on21 December, 2021 According to AP, Turkish President Recep Tayyip Erdogan on Monday announced a series of measures … Continue ReadingHow do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease)
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 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 Finance HIGHLIGHTS Markets CNBC: Turkey’s currency crisis deepens after Erdogan’s latest rate cut Atilla YeşiladaPosted on19 December, 2021 After Istanbul’s stock market was twice forced to halt trading and the Turkish lira continued … Continue ReadingCNBC: Turkey’s currency crisis deepens after Erdogan’s latest rate cut
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 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 Atilla Yeşilada Finance HIGHLIGHTS Markets Comment: Will Turkey’s Central Bank ever stop cutting rates? Atilla YeşiladaPosted on16 December, 2021 With Fed turning decidedly more hawkish on Wednesday, the other highlight of the week is … Continue ReadingComment: Will Turkey’s Central Bank ever stop cutting rates?
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 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 Finance HYPED Markets Market Watch: Turkish lira crumbles after S&P warns over Turkey Atilla YeşiladaPosted on13 December, 2021 The beleaguered Turkish lira was crushed on Monday after Standard & Poor’s warned it may … Continue ReadingMarket Watch: Turkish lira crumbles after S&P warns over Turkey
Categories Business Finance HIGHLIGHTS NEW: S&P lowers Turkey outlook to negative, citing ‘rising risks’ Atilla YeşiladaPosted on10 December, 2021 S&P Global Ratings on Friday changed its outlook for Turkey’s credit rating to negative from … Continue ReadingNEW: S&P lowers Turkey outlook to negative, citing ‘rising risks’
Categories Business Finance HIGHLIGHTS Scope Ratings: 2022 may prove a flash-point year for Turkey Atilla YeşiladaPosted on8 December, 2021 We downgraded Turkey (B/Negative) in late 2020 (with foreign-currency ratings lowered one notch to B). … Continue ReadingScope Ratings: 2022 may prove a flash-point year for Turkey
Categories Finance Markets BarCap expects the policy rate to be cut by 300bp to 12% over the next two CB meetings Atilla YeşiladaPosted on7 December, 2021 Inflation to peak at over 30%: Marking to marked the most recent move in TRY, … Continue ReadingBarCap expects the policy rate to be cut by 300bp to 12% over the next two CB meetings
