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
Categories Economy Finance General HIGHLIGHTS Y.F. Macro Focus: CBRT’s advance dividend and reserve funds supported budget Cem CetingucPosted on15 March, 2022 In February, budget gave a surplus of TRY69.7bn (Feb.21: TRY-23.2bn, Jan.22: TRY+30bn). Despite, there was no … Continue ReadingY.F. Macro Focus: CBRT’s advance dividend and reserve funds supported budget
Categories General HIGHLIGHTS HYPED Politics Russian invasion will be highly costly for Turkey: CHP deputy Cem CetingucPosted on28 February, 202228 February, 2022 Russian President Vladimir Putin launched a special military operation for the Donbas region in eastern … Continue ReadingRussian invasion will be highly costly for Turkey: CHP deputy
Categories Economy Finance HIGHLIGHTS Turkish Lira: Doomed to devaluation? Cem CetingucPosted on2 February, 2022 For investors in Turkey, December 2021 will go down as the month of the white-knuckle … Continue ReadingTurkish Lira: Doomed to devaluation?
Categories Economy General HIGHLIGHTS Politics President Erdoğan: Taking necessary steps to protect our people from inflation Cem CetingucPosted on1 February, 2022 We are taking steps one by one which will protect our people from high inflation … Continue ReadingPresident Erdoğan: Taking necessary steps to protect our people from inflation
Categories Economy General HIGHLIGHTS Politics Are Turkey’s efforts to fix the economy working? Cem CetingucPosted on20 January, 2022 Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up … Continue ReadingAre Turkey’s efforts to fix the economy working?
Categories Economy HIGHLIGHTS Politics Turkish lira holds firm after wild ride; World Bank cuts growth view Cem CetingucPosted on13 January, 2022 Turkey’s lira continued a stable trend on Wednesday, in sharp contrast to a volatile plunge … Continue ReadingTurkish lira holds firm after wild ride; World Bank cuts growth view
Categories Economy General HIGHLIGHTS Politics Erdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes Cem CetingucPosted on13 January, 202213 January, 2022 Turkey’s economy had a difficult year, with its currency depreciating and inflation skyrocketing. Experts warn … Continue ReadingErdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes
Categories Economy General HIGHLIGHTS Turkish economy 2022 outlook: What is the playbook for inflation? Cem CetingucPosted on29 December, 202130 December, 2021 2021 was a year with rising inflation and an economic slowdown. If the recovery in … Continue ReadingTurkish economy 2022 outlook: What is the playbook for inflation?
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 General HIGHLIGHTS Turkish minimum wage increases 50 percent to TL4,250 Cem CetingucPosted on16 December, 202116 December, 2021 Turkey has increased minimum wage to 4,250 Turkish Liras, President Recep Tayyip Erdoğan announced on Dec. 16. urkey’s … Continue ReadingTurkish minimum wage increases 50 percent to TL4,250
Categories Economy General HIGHLIGHTS Markets Currency crisis hits hard in Turkey Cem CetingucPosted on9 December, 2021 Turkey’s deepening currency crisis could mark the definitive end of the country’s economic success story … Continue ReadingCurrency crisis hits hard in Turkey
Categories Business Economy HIGHLIGHTS Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis Cem CetingucPosted on9 December, 2021 The country’s currency, the lira, has lost almost half its value against the dollar so … Continue ReadingApparel exports boom while retailers fight for survival amid Turkey’s economic crisis
Categories Economy General HIGHLIGHTS S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves Cem CetingucPosted on3 December, 2021 Turkey risks damaging confidence in the lira further by using “borrowed” reserves to defend its … Continue ReadingS&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves
Categories Economy HIGHLIGHTS Politics Erdoğan: Low interest rate policy ‘all the way’ Cem CetingucPosted on1 December, 2021 President Recep Tayyip Erdoğan on Wednesday said there was “no turning back” from the new … Continue ReadingErdoğan: Low interest rate policy ‘all the way’
Categories Economy HIGHLIGHTS The price of Turkish Lira’s collapse gets heavy Cem CetingucPosted on25 November, 202125 November, 2021 Istanbul’s sky is as gloomy as the mood in the households and on the streets … Continue ReadingThe price of Turkish Lira’s collapse gets heavy
Categories General Macro Focus | CBRT: Expected cut with delayed announcement Cem CetingucPosted on22 November, 2021 CBRT cut the policy rate by 100bps to 15%, as expected. The announcement was made with … Continue ReadingMacro Focus | CBRT: Expected cut with delayed announcement
Categories Economy General Deutsche Bank predicts Turkey will cut rates to 14% by year-end Cem CetingucPosted on12 November, 2021 Deutsche Bank said it now expected Turkey’s central bank (CBT) to reduce interest rates faster … Continue ReadingDeutsche Bank predicts Turkey will cut rates to 14% by year-end
Categories Economy General Rate cuts possess a risk to Turkey’s GDP growth Cem CetingucPosted on5 November, 20215 November, 2021 Turkey’s economy will grow by 9% this year, buoyed by a revival in exports and … Continue ReadingRate cuts possess a risk to Turkey’s GDP growth
Categories Economy General JPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October Cem CetingucPosted on4 November, 20214 November, 2021 After months of upside surprises, inflation finally surprised to the down side in October. Despite … Continue ReadingJPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October