Categories Economy General HIGHLIGHTS Turkey’s March inflation at 16.2% Güldem AtabayPosted on5 April, 2021 Turkey’s annual inflation climbed above 16% in March for the first time since mid-2019, data … Continue ReadingTurkey’s March inflation at 16.2%
Categories Economy HIGHLIGHTS Turkey Stirs Fragile Five Fears Güldem AtabayPosted on4 April, 2021 The market meltdown following Turkey’s central-bank shakeup is reviving a longtime debate among the world’s … Continue ReadingTurkey Stirs Fragile Five Fears
Categories Economy HIGHLIGHTS Turkey Central Bank Chief Flags Tight Policy, Continuity Güldem AtabayPosted on1 April, 2021 Turkey’s new central bank governor Sahap Kavcioglu delivered a message of continuity and discussed a … Continue ReadingTurkey Central Bank Chief Flags Tight Policy, Continuity
Categories Economy HIGHLIGHTS BloombergHT Consumer Confidence Survey: March reflects strong drop Güldem AtabayPosted on1 April, 2021 Bloomberg HT Consumer Confidence Index decreased by 5.69 percent compared to the final index of … Continue ReadingBloombergHT Consumer Confidence Survey: March reflects strong drop
Categories Economy HIGHLIGHTS March PMI stronger; beware of the brewing inflation forces Güldem AtabayPosted on1 April, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed the … Continue ReadingMarch PMI stronger; beware of the brewing inflation forces
Categories Economy HIGHLIGHTS Truth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief Güldem AtabayPosted on31 March, 2021 Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just … Continue ReadingTruth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit grows in February Güldem AtabayPosted on31 March, 2021 In February Turkey’s exports posted 9.6% yoy growth reaching USD 16.0bn as imports also grew … Continue ReadingTurkey’s foreign trade deficit grows in February
Categories Economy HIGHLIGHTS Turkey Economic Confidence Index rose to 98.9 in March Güldem AtabayPosted on31 March, 2021 Turkey’s Economic Confidence Index rose by 3.3% in March from 95.8 in February to 98.9 … Continue ReadingTurkey Economic Confidence Index rose to 98.9 in March
Categories Economy HIGHLIGHTS Central Bank’s new Governor Kavcioglu promises positive real yield Güldem AtabayPosted on30 March, 2021 Turkey’s new Central Bank Governor Sahap Kavcioglu said current elevated levels of inflation require tight … Continue ReadingCentral Bank’s new Governor Kavcioglu promises positive real yield
Categories Economy HIGHLIGHTS Another midnight presidential decree, another round of TL weakness Güldem AtabayPosted on30 March, 2021 Turkey’s President Erdoğan sacked the Central Bank Deputy Governor Murat Cetinkaya in a midnight presidential decree … Continue ReadingAnother midnight presidential decree, another round of TL weakness
Categories Economy HIGHLIGHTS Politics UPDATE (New case figures added): President Erdogan introduces new but mild curfew measures Güldem AtabayPosted on29 March, 202131 March, 2021 Turkey has recorded 37,303 new coronavirus cases in the space of 24 hours, the highest … Continue ReadingUPDATE (New case figures added): President Erdogan introduces new but mild curfew measures
Categories Economy HIGHLIGHTS Turkish lira keeps sliding as new Governor’s comments do not anchor Güldem AtabayPosted on29 March, 202129 March, 2021 Turkey’s lira lost more than 1% of its value on Monday, continuing its sharp decline … Continue ReadingTurkish lira keeps sliding as new Governor’s comments do not anchor
Categories Economy HIGHLIGHTS Fitch: Turkey’s abrupt central bank switch entrenches Erdogan’s unorthodoxy Güldem AtabayPosted on29 March, 2021 President Tayyip Erdogan’s decision to oust Turkey’s central bank chief entrenches his unorthodox view that … Continue ReadingFitch: Turkey’s abrupt central bank switch entrenches Erdogan’s unorthodoxy
Categories Economy HIGHLIGHTS New Central Bank Chief’s politically correct comments: April Rate Cut Not a Given Güldem AtabayPosted on29 March, 202129 March, 2021 Markets shouldn’t take for granted that the Monetary Policy Committee will cut interest rates as … Continue ReadingNew Central Bank Chief’s politically correct comments: April Rate Cut Not a Given
Categories Economy HIGHLIGHTS Politics Why Erdogan fired Turkey’s central bank governor Güldem AtabayPosted on26 March, 202127 March, 2021 Even some of the most ardent supporters of Turkish President Recep Tayyip Erdogan were truly … Continue ReadingWhy Erdogan fired Turkey’s central bank governor
Categories Economy Finance HIGHLIGHTS Turkish bond funds experience biggest weekly selloff this year – Lipper data Güldem AtabayPosted on26 March, 202126 March, 2021 Investors sold $29.2 million from Turkish lira-denominated bond funds in the week ended March 24, … Continue ReadingTurkish bond funds experience biggest weekly selloff this year – Lipper data
Categories Economy HIGHLIGHTS Borsa Istanbul appoints Korkmaz Enes Ergun as new CEO Güldem AtabayPosted on26 March, 2021 Turkey’s stock exchange Borsa Istanbul named Korkmaz Enes Ergun its new managing director at its … Continue ReadingBorsa Istanbul appoints Korkmaz Enes Ergun as new CEO
Categories Economy HIGHLIGHTS Turkish industrial confidence rises to highest level in almost 2,5 years Güldem AtabayPosted on26 March, 2021 The central bank data showed business confidence among Turkey’s industrialists rose to the highest level … Continue ReadingTurkish industrial confidence rises to highest level in almost 2,5 years
Categories Economy HIGHLIGHTS Erdogan says market volatility does not reflect Turkey’s economic reality Güldem AtabayPosted on24 March, 2021 Thousands of members of President Recep Tayyip Erdogan’s party traveled to Ankara from around the country … Continue ReadingErdogan says market volatility does not reflect Turkey’s economic reality
Categories Economy HIGHLIGHTS March Consumer Confidence Index at 2,5 year peak- heavenly Güldem AtabayPosted on24 March, 2021 Turkey Statistical Institute (TURSTAT) added one more to its controversial data stream this morning. Accordingly, … Continue ReadingMarch Consumer Confidence Index at 2,5 year peak- heavenly
