Categories Economy General HIGHLIGHTS CBRT tightens monetary policy after rate hikes Cem CetingucPosted on18 March, 2024 Turkey’s central bank is opting for a different monetary tightening method as it grapples with … Continue ReadingCBRT tightens monetary policy after rate hikes
Categories Finance General HIGHLIGHTS ‘The digital TL’ set to be an intermediated CBDS Cem CetingucPosted on22 February, 202422 February, 2024 The digital Turkish lira is set to be an intermediated CBDC with self-sovereign identity and … Continue Reading‘The digital TL’ set to be an intermediated CBDS
Categories Economy HIGHLIGHTS Türkiye’s current account deficit expected to shrink: CBRT data Cem CetingucPosted on13 February, 2024 Türkiye ended 2023 with a lower-than-expected current account deficit of nearly $2.1 billion (TL 64.52 … Continue ReadingTürkiye’s current account deficit expected to shrink: CBRT data
Categories Economy HIGHLIGHTS HYPED Politics Turkey’s economical concerns ahead of presidential runoff Cem CetingucPosted on17 May, 2023 As the Turkish presidential elections head for a runoff between incumbent Recep Tayyip Erdogan and … Continue ReadingTurkey’s economical concerns ahead of presidential runoff
Categories Economy HIGHLIGHTS CBRT eases TL-saving rules even more Cem CetingucPosted on5 April, 2023 In a bid to promote and protect savings, the Turkish central bank has allowed banks … Continue ReadingCBRT eases TL-saving rules even more
Categories General HIGHLIGHTS CBRT’s medium-term inflation target stays the same Cem CetingucPosted on2 January, 2023 The Central Bank has said that under the inflation targeting regime, the medium-term inflation target of 5 … Continue ReadingCBRT’s medium-term inflation target stays the same
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 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 Politics Turkish Banks: Amendments to the reserve requirement regulation to encourage the new deposit scheme Cem CetingucPosted on5 January, 2022 The Central Bank of Turkey (CBT) announced amendments to the reserve requirement regulation last week … Continue ReadingTurkish Banks: Amendments to the reserve requirement regulation to encourage the new deposit scheme
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 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 Company & Industry Economy JP Morgan: CBRT speeds up monetary easing despite tricky fundamentals Cem CetingucPosted on24 October, 2021 The CBRT managed to surprise the markets yet again and cut its policy by 200bp … Continue ReadingJP Morgan: CBRT speeds up monetary easing despite tricky fundamentals
Categories Economy Turkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment Cem CetingucPosted on20 October, 2021 The World: The ongoing energy crunch causing various knock-on effects is triggering fears of stagflation. … Continue ReadingTurkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment
Categories Economy Is there no respite in sight for the Turkish lira? Cem CetingucPosted on20 October, 2021 When I rented my first Istanbul apartment, in mid-2013, the Turkish economy was humming and … Continue ReadingIs there no respite in sight for the Turkish lira?