Category: HIGHLIGHTS

Dollar/TL currently trading at 8.13, having gained %1.42 for the day.   Business Recorder reports … Continue ReadingBREAKING:  TL soars on promises by Central Bank Governor

Bloomberg HT Consumer Confidence Index decreased by 5.69 percent compared to the final index of … Continue ReadingBloombergHT Consumer Confidence Survey: March reflects strong drop

The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed the … Continue ReadingMarch PMI stronger; beware of the brewing inflation forces

  Turkey on the verge of a currency crisis   President Erdogan’s one-man, no-clue governance … Continue ReadingVideo Commentary:  Turkey on the Verge of Currency Crisis

Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just … Continue ReadingTruth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief

After Goldman Sachs, Bloomberg Economics, too, revised its Turkey 2021 forecasts.  Bloomberg expects higher inflation … Continue ReadingBloomberg Economics:  Slower Growth, Higher Inflation, Weaker Lira

In February Turkey’s exports posted 9.6% yoy growth reaching USD 16.0bn as imports also grew … Continue ReadingTurkey’s foreign trade deficit grows in February

Turkey’s Economic Confidence Index  rose by 3.3% in March from 95.8 in February to 98.9 … Continue ReadingTurkey Economic Confidence Index rose to 98.9 in March

The lira pared its seventh day of declines as Turkey’s new central bank governor Sahap … Continue ReadingTurkey: Lira shock leads to lower GDP forecast

Turkey’s new Central Bank Governor Sahap Kavcioglu said current elevated levels of inflation require tight … Continue ReadingCentral Bank’s new Governor Kavcioglu promises positive real yield

Turkey’s President Erdoğan sacked the Central Bank Deputy Governor Murat Cetinkaya in a midnight presidential decree … Continue ReadingAnother midnight presidential decree, another round of TL weakness

Turkey has recorded 37,303 new coronavirus cases in the space of 24 hours, the highest … Continue ReadingUPDATE (New case figures added): President Erdogan introduces new but mild curfew measures

Turkey’s lira lost more than 1% of its value on Monday, continuing its sharp decline … Continue ReadingTurkish lira keeps sliding as new Governor’s comments do not anchor

President Tayyip Erdogan’s decision to oust Turkey’s central bank chief entrenches his unorthodox view that … Continue ReadingFitch: Turkey’s abrupt central bank switch entrenches Erdogan’s unorthodoxy

Markets shouldn’t take for granted that the Monetary Policy Committee will cut interest rates as … Continue ReadingNew Central Bank Chief’s politically correct comments: April Rate Cut Not a Given

On Sunday, Turkey’s Ministry of Health reported 29,058 new Covid-19 cases, with deaths exceeding 150 … Continue ReadingTurkish medics call for tougher measures as COVID-19 surges

Armenia’s embattled prime minister on Sunday confirmed that he will step down from the post … Continue ReadingBREAKING:  Armenia premier confirms he will step down to allow election

Turkey’s sickly currency closed the week at 8.08 against the American dollar, thus officially surrendering … Continue ReadingOPINION: TL will drop faster this week

Even some of the most ardent supporters of Turkish President Recep Tayyip Erdogan were truly … Continue ReadingWhy Erdogan fired Turkey’s central bank governor

Investors sold $29.2 million from Turkish lira-denominated bond funds in the week ended March 24, … Continue ReadingTurkish bond funds experience biggest weekly selloff this year – Lipper data