Categories Economy HIGHLIGHTS CBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic Atilla YeşiladaPosted on27 January, 2022 The CBRT increased year-end inflation forecast from 11.8% (forecast range: 9.6-14%) to 23.2% (forecast range: … Continue ReadingCBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic
Categories Finance HIGHLIGHTS CBRT passes up on rate cut, but more are underway Atilla YeşiladaPosted on20 January, 2022 The Turkish Central Bank left its weekly repo rate unchanged 14%, in-line with expectations. This … Continue ReadingCBRT passes up on rate cut, but more are underway
Categories Economy HIGHLIGHTS Reuters poll: Turkey’s inflation seen dropping to about 27% by end of 2022 Atilla YeşiladaPosted on20 January, 2022 Already rampant inflation in Turkey will rise further in the coming months before declining to … Continue ReadingReuters poll: Turkey’s inflation seen dropping to about 27% by end of 2022
Categories Business Finance General HIGHLIGHTS Deutsche: Turkey: recent developments and what’s next Atilla YeşiladaPosted on19 January, 2022 In this report, we discuss recent developments regarding the FX-protected lira deposit scheme, provide an … Continue ReadingDeutsche: Turkey: recent developments and what’s next
Categories General HYPED CNBC.com: Erdogan blames Turkey’s currency woes on ‘foreign financial tools’ as central bank reserves fall Atilla YeşiladaPosted on13 January, 2022 Turkish President Recep Tayyip Erdogan has pledged to bring down his country’s soaring inflation, which … Continue ReadingCNBC.com: Erdogan blames Turkey’s currency woes on ‘foreign financial tools’ as central bank reserves fall
Categories Business HYPED Corporate deposits included under Turkish lira protection scheme Atilla YeşiladaPosted on11 January, 2022 Turkey has included corporate foreign currency and gold deposit accounts converted to Turkish lira in … Continue ReadingCorporate deposits included under Turkish lira protection scheme
Categories Economy HIGHLIGHTS Turkey: Economic theory strikes back; inflation reaches 36% Atilla YeşiladaPosted on6 January, 2022 The unorthodox economic views of major policy makers, a premature and front-loaded monetary easing delivered … Continue ReadingTurkey: Economic theory strikes back; inflation reaches 36%
Categories General HIGHLIGHTS Erdogan says “I’m sorry” Atilla YeşiladaPosted on4 January, 2022 COVER Chart: December 2021 annualized CPI and core CPI Turkey’s annual inflation rate surged … Continue ReadingErdogan says “I’m sorry”
Categories Economy HIGHLIGHTS CPI soars past 36 per cent Atilla YeşiladaPosted on3 January, 2022 CPI inflation significantly exceeded median expectation and rises to 36.1% TurkStat revealed December CPI inflation … Continue ReadingCPI soars past 36 per cent
Categories Finance HYPED Turkey considering inflation-indexed TL bonds Atilla YeşiladaPosted on3 January, 2022 Turkey is considering a range of new financial products that would offer guarantees against inflation … Continue ReadingTurkey considering inflation-indexed TL bonds
Categories Business General HIGHLIGHTS Turks greet New Year with double-digit price hikes Atilla YeşiladaPosted on1 January, 2022 Turkey sharply raised electricity prices by 50-100% for households and companies on Saturday, and again … Continue ReadingTurks greet New Year with double-digit price hikes
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 HIGHLIGHTS Dr Murat Kubilay: Economic repercussions of Erdogan’s ever-changing economic models Atilla YeşiladaPosted on28 December, 2021 Following the resignation of the finance minister and his replacement by a loyalist on Dec. … Continue ReadingDr Murat Kubilay: Economic repercussions of Erdogan’s ever-changing economic models
Categories General HIGHLIGHTS Politics President Erdoğan: “Sooner or later inflation will fall” Cem CetingucPosted on20 December, 202120 December, 2021 President Recep Tayyip Erdoğan vowed on Dec. 19 to rein in inflation and reinstated his … Continue ReadingPresident Erdoğan: “Sooner or later inflation will fall”
Categories Business General HYPED Erdogan promises draconian hikes to pensions Atilla YeşiladaPosted on20 December, 2021 Some 13.5 million retirees in Turkey will receive at least 40 percent raise to their … Continue ReadingErdogan promises draconian hikes to pensions
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
Categories Economy HIGHLIGHTS Macro Focus: Upside risks persist as inflation figures approach to record levels Cem CetingucPosted on4 December, 20214 December, 2021 Turkey’s CPI increased by 3.51% MoM in November driving YoY CPI from 19.89% to 21.31%. Accordingly, … Continue ReadingMacro Focus: Upside risks persist as inflation figures approach to record levels
Categories General HYPED AKP adding insult to injury by mocking poverty Atilla YeşiladaPosted on27 November, 2021 The Economist interviewed Turkish citizens se suffering from deepening poverty, as well as quoting the … Continue ReadingAKP adding insult to injury by mocking poverty
Categories General HYPED Gravitas: Turkish Lira sinks, investors lose confidence | How has Erdogan’s experiment backfired? Atilla YeşiladaPosted on27 November, 2021 Apple has halted all sales in Turkey as the Lira continues to sink further. … Continue ReadingGravitas: Turkish Lira sinks, investors lose confidence | How has Erdogan’s experiment backfired?
Categories Economy HIGHLIGHTS TUSIAD Chief Economist: Really, a new model as the Turkish lira keeps spiraling? Atilla YeşiladaPosted on27 November, 2021 Turkey is going through a period where the lira has lost approximately 30% of its … Continue ReadingTUSIAD Chief Economist: Really, a new model as the Turkish lira keeps spiraling?
