Categories Business General HIGHLIGHTS CBRT warns lenders against conducting forex transactions during “off hours” Cem CetingucPosted on4 November, 2022 Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting … Continue ReadingCBRT warns lenders against conducting forex transactions during “off hours”
Categories Economy General HIGHLIGHTS CBRT lifts year-end inflation forecast to 65.2 percent Cem CetingucPosted on31 October, 2022 Turkey’s central bank has lifted its inflation forecast for the end of 2022 to 65.2% … Continue ReadingCBRT lifts year-end inflation forecast to 65.2 percent
Categories Economy General HIGHLIGHTS HYPED Lira’s faith after CBRT rate cut seems ‘unfortunate’ Cem CetingucPosted on21 October, 202221 October, 2022 The USD/TRY price has been in a consolidation phase in the past few months and is hovering … Continue ReadingLira’s faith after CBRT rate cut seems ‘unfortunate’
Categories Economy Finance General HIGHLIGHTS HYPED CBRT cuts interest rate again despite soaring inflation Cem CetingucPosted on20 October, 202220 October, 2022 Turkey’s central bank lowered its benchmark interest rate for the third time in a row … Continue ReadingCBRT cuts interest rate again despite soaring inflation
Categories Economy Finance General HIGHLIGHTS HYPED HSBC: CBRT sold 107 billion dollars in 9 months Cem CetingucPosted on10 October, 202210 October, 2022 According to HSBC Portfolio’s calculations, it is estimated that the Central Bank’s reserves for exchange … Continue ReadingHSBC: CBRT sold 107 billion dollars in 9 months
Categories Economy General HIGHLIGHTS HYPED Turkey’s inflation breaks 24-year record at 83 percent Cem CetingucPosted on3 October, 2022 Turkish annual inflation climbed to a new 24-year high of 83.45% in September, below forecast … Continue ReadingTurkey’s inflation breaks 24-year record at 83 percent
Categories Economy Finance General HIGHLIGHTS HYPED Turkey prevented economic collapse through own measures: Erdoğan Cem CetingucPosted on2 October, 2022 President Recep Tayyip Erdoğan on Friday said Türkiye had foiled what he said were traps … Continue ReadingTurkey prevented economic collapse through own measures: Erdoğan
Categories Economy Finance HIGHLIGHTS Faith of the Turkish Lira: Can it bounce back? Cem CetingucPosted on26 September, 2022 The USD/TRY exchange rate continued its bullish trend after the divergent paths taken by the Federal … Continue ReadingFaith of the Turkish Lira: Can it bounce back?
Categories Economy General HIGHLIGHTS Politics Erdoğan claims inflation is not an ‘insurmountable economic threat’ Cem CetingucPosted on26 September, 202226 September, 2022 Inflation is not an “insurmountable economic threat,” President Recep Tayyip Erdoğan said Monday, adding it … Continue ReadingErdoğan claims inflation is not an ‘insurmountable economic threat’
Categories General HIGHLIGHTS HYPED Politics Kavcıoğlu: We aim for ‘long-term solutions’ Cem CetingucPosted on15 September, 2022 The Turkish Central Bank is using a determined strategy to ensure a consistently rising interest in the Turkish … Continue ReadingKavcıoğlu: We aim for ‘long-term solutions’
Categories Business Finance General HIGHLIGHTS Politics Turkish banks left paralysed due to new regulations Cem CetingucPosted on13 September, 2022 Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised … Continue ReadingTurkish banks left paralysed due to new regulations
Categories Economy General HIGHLIGHTS HYPED Politics AKP plans to decrease inflation to 50 percent before elections Cem CetingucPosted on9 September, 2022 The number one topic in the agenda of the Justice and Development Party (AKP) is … Continue ReadingAKP plans to decrease inflation to 50 percent before elections
Categories Economy HIGHLIGHTS HYPED Politics Report: Turkey is on the verge of bankrupcy Cem CetingucPosted on6 September, 2022 Turkey’s economy is on the verge of bankruptcy, according to a report submitted by economic … Continue ReadingReport: Turkey is on the verge of bankrupcy
Categories Finance General HIGHLIGHTS HYPED Goldman Sachs revises Turkey GDP growth forecast Cem CetingucPosted on2 September, 20222 September, 2022 Goldman Sachs said on Thursday it had raised its forecast for Turkey’s 2022 GDP growth … Continue ReadingGoldman Sachs revises Turkey GDP growth forecast
Categories Business Finance General HIGHLIGHTS HYPED US policy rate hikes make things harder for Turkish economy Cem CetingucPosted on4 August, 2022 The remaining hopes for the Turkish economy to get better sooner are vanishing fast after … Continue ReadingUS policy rate hikes make things harder for Turkish economy
Categories Economy Emerging Markets General HIGHLIGHTS Mustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn Cem CetingucPosted on4 August, 2022 The euro’s slide to parity with the dollar is producing fresh strains for Turkey’s foreign … Continue ReadingMustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn
Categories Economy Finance General HIGHLIGHTS Kubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching Cem CetingucPosted on21 July, 2022 Turkey’s economic problems continue to go from bad to worse. Its foreign trade deficit has … Continue ReadingKubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching
Categories General CBRT survey reveals Turkey’s year-end inflation is around 58 percent Cem CetingucPosted on23 May, 2022 Expectations for Turkish inflation through the end of this year have ticked higher, a closely … Continue ReadingCBRT survey reveals Turkey’s year-end inflation is around 58 percent
Categories Economy General HIGHLIGHTS Politics CBRT to meet this week for policy rate Cem CetingucPosted on23 May, 2022 Policymakers at Turkey’s Central Bank are set to meet later this week to decide on the key interest rate. … Continue ReadingCBRT to meet this week for policy rate
Categories Economy General HIGHLIGHTS CBRT foresees single digit inflation despite concerns Cem CetingucPosted on24 March, 2022 Although some concerns persist, Turkey’s central bank does not expect inertia in inflation and sees … Continue ReadingCBRT foresees single digit inflation despite concerns