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 Columnists Finance HIGHLIGHTS Tim Ash: Where is the Turkish Lira headed? Atilla YeşiladaPosted on18 May, 2022 Editor’s Note: On 18 May, at 8:00 am Turkish time, dollar/TL is trading at 15.82 … Continue ReadingTim Ash: Where is the Turkish Lira headed?
Categories Economy General HIGHLIGHTS Turkish life standards hit the bottom due to high inflation Cem CetingucPosted on16 May, 2022 Inflation in Turkey hit a two-decade high of almost 70% in April, as prices of … Continue ReadingTurkish life standards hit the bottom due to high inflation
Categories Finance HIGHLIGHTS Markets Standard Chartered: Tourism has the potential to get TL out the bind, but Ankara to squander opportunity Atilla YeşiladaPosted on14 May, 2022 Opportunity, but it may be squandered The TRY is particularly exposed to the Russia-Ukraine war. … Continue ReadingStandard Chartered: Tourism has the potential to get TL out the bind, but Ankara to squander opportunity
Categories Economy Finance HIGHLIGHTS Commentary: Turkey’s Slow-Motion Currency Crash Atilla YeşiladaPosted on13 May, 2022 It is the time of the year, when Turkey has another currency crash. It happens … Continue ReadingCommentary: Turkey’s Slow-Motion Currency Crash
Categories Economy General HIGHLIGHTS Erdoğan pledges to battle high cost of living Cem CetingucPosted on10 May, 2022 Pesident Recep Tayyip Erdoğan on Monday pledged arrangements to boost the purchasing power of lower-income … Continue ReadingErdoğan pledges to battle high cost of living
Categories Economy General HIGHLIGHTS Politics 60 percent of Turkey lost faith in Erdogan: Metropoll survey Cem CetingucPosted on9 May, 20229 May, 2022 Almost 60 percent of Turkish voters do not believe that President Recep Tayyip Erdoğan can … Continue Reading60 percent of Turkey lost faith in Erdogan: Metropoll survey
Categories Economy HIGHLIGHTS Turkish economy set to implode, opposition spokesman says Atilla YeşiladaPosted on7 May, 2022 The Turkish government’s policies are about to cause an explosion in the economy, said Faik … Continue ReadingTurkish economy set to implode, opposition spokesman says
Categories Economy HIGHLIGHTS JP Morgan: Turkey’s annual inflation rises to 70%; still no policy action on the horizon Atilla YeşiladaPosted on7 May, 2022 As monetary policy remains excessively loose and as there is no change in the exogenous … Continue ReadingJP Morgan: Turkey’s annual inflation rises to 70%; still no policy action on the horizon
Categories Atilla Yeşilada Columnists Economy Finance HIGHLIGHTS Commentary: Roaring trade deficits force Central Bank to waste FX Atilla YeşiladaPosted on4 May, 2022 Turkey’s trade deficit surged 75% year-on-year in March to $8.17 billion, mainly due to a … Continue ReadingCommentary: Roaring trade deficits force Central Bank to waste FX
Categories Finance HIGHLIGHTS Markets Turkey swiftly moving to currency controls Atilla YeşiladaPosted on23 April, 2022 According to Bloomberg and its own website, Turkey’s central bank revised some reserve requirement rules … Continue ReadingTurkey swiftly moving to currency controls
Categories Business Economy HIGHLIGHTS Turkstat consumer confidence sinks amidst signs of demand slowdown Atilla YeşiladaPosted on21 April, 2022 Turkstat (official) Consumer Confidence Index (CCI) decreased by 7.3% to 67.3 in April (March: 72.5, … Continue ReadingTurkstat consumer confidence sinks amidst signs of demand slowdown
Categories Business Economy HIGHLIGHTS Finance minister gets together with US company executives Cem CetingucPosted on21 April, 2022 Treasury and Finance Minister Nureddin Nebati met with executives of prominent U.S. companies to speak on the economic … Continue ReadingFinance minister gets together with US company executives
Categories Business Economy HYPED Turkey private consumer confidence rises in April, as inflation boost propensity to consume Atilla YeşiladaPosted on21 April, 2022 One of the two measures of consumer sentiment, published by private broadcaster BloombergHT improved in … Continue ReadingTurkey private consumer confidence rises in April, as inflation boost propensity to consume
Categories Finance HYPED JP Morgan: CBRT remains firmly motionless Atilla YeşiladaPosted on15 April, 2022 As widely expected, the CBRT left its key policy rate unchanged at 14.0%. Also, as … Continue ReadingJP Morgan: CBRT remains firmly motionless
Categories Finance HIGHLIGHTS Markets Central Bank MPC: Inflation? No problem Atilla YeşiladaPosted on14 April, 2022 CBRT kept 1-week repo rate (policy rate) stable at 14%, as expected, for the forth … Continue ReadingCentral Bank MPC: Inflation? No problem
Categories Economy HIGHLIGHTS Garanti BBVA: Turkish economy contracting as of April Atilla YeşiladaPosted on14 April, 2022 Recovery in February IP might be temporary Monthly IP recovered in February on the back … Continue ReadingGaranti BBVA: Turkish economy contracting as of April
Categories Emerging Markets General HIGHLIGHTS WB Europe and Central Asia Economic Update: Impact of War Atilla YeşiladaPosted on12 April, 2022 The Russian Federation’s war with Ukraine has triggered a catastrophic humanitarian crisis and threatened the … Continue ReadingWB Europe and Central Asia Economic Update: Impact of War
Categories Economy HIGHLIGHTS JP Morgan: Turkey hit by unorthodox policies Atilla YeşiladaPosted on9 April, 2022 Annual inflation has reached 61%, reflecting the seriousness of the problems in the economy … Continue ReadingJP Morgan: Turkey hit by unorthodox policies