Categories Economy HIGHLIGHTS Politics Turkey Halts All Trade With Israel Over War in Gaza Güldem AtabayPosted on2 May, 2024 As of Thursday, Turkey has halted all commerce with Israel, according to two Turkish officials … Continue ReadingTurkey Halts All Trade With Israel Over War in Gaza
Categories Economy HIGHLIGHTS Most of the annual contraction in current account deficit completed, high reserve loss in February as expected Güldem AtabayPosted on17 April, 2024 Turkey’s current account deficit was 3.27 billion dollars in February, below the expected deficit of … Continue ReadingMost of the annual contraction in current account deficit completed, high reserve loss in February as expected
Categories HIGHLIGHTS Politics Murat Yetkin: The tidal wave hit Erdoğan: here are three main reasons Güldem AtabayPosted on1 April, 2024 The March 31, 2024 local elections, which changed Turkey’s political climate, were a turning point … Continue ReadingMurat Yetkin: The tidal wave hit Erdoğan: here are three main reasons
Categories Economy HIGHLIGHTS Politics Güldem Atabay: Epic defeat for Erdoğan- A historic turning point in Turkish politics Güldem AtabayPosted on1 April, 20241 April, 2024 In the local elections held on March 31, Erdogan, despite securing a crucial presidential victory … Continue ReadingGüldem Atabay: Epic defeat for Erdoğan- A historic turning point in Turkish politics
Categories HIGHLIGHTS Politics Murat Yetkin: If Imamoğlu wins despite all these obstacles, Turkey will wake up to a completely different political environment on the morning of April 1 Güldem AtabayPosted on25 March, 2024 If there were more space in the headline, it should have read as follows: President … Continue ReadingMurat Yetkin: If Imamoğlu wins despite all these obstacles, Turkey will wake up to a completely different political environment on the morning of April 1
Categories HIGHLIGHTS Politics Bekir Ağırdır: AKP’s only handicap in local elections is not that YRP is running a separate candidate Güldem AtabayPosted on22 March, 2024 Researcher Bekir Ağırdır stated that the local elections have turned into a race between Erdoğan … Continue ReadingBekir Ağırdır: AKP’s only handicap in local elections is not that YRP is running a separate candidate
Categories Economy HIGHLIGHTS Gold smuggling in Turkey has surged due to the widening gap with the world market Güldem AtabayPosted on21 March, 2024 Turkey is experiencing a surge in gold smuggling as individuals seek to capitalize on the … Continue ReadingGold smuggling in Turkey has surged due to the widening gap with the world market
Categories Economy Finance Güldem Atabay HIGHLIGHTS Turkey’s central bank shows muscle with 500 bps rate hike: What’s next from here? Güldem AtabayPosted on21 March, 202421 March, 2024 The Monetary Policy Committee (MPC) of the Central Bank of the Republic of Turkey (CBRT) … Continue ReadingTurkey’s central bank shows muscle with 500 bps rate hike: What’s next from here?
Categories Economy HIGHLIGHTS Politics WSJ: Russia’s Backdoor to the Global Banking System Is Slamming Shut-Turkish lenders have become more cautious Güldem AtabayPosted on20 March, 2024 The Wall Street Journal (WSJ) reports that Turkish companies and banks have become cautious in … Continue ReadingWSJ: Russia’s Backdoor to the Global Banking System Is Slamming Shut-Turkish lenders have become more cautious
Categories Company & Industry Economy Finance HIGHLIGHTS Markets TEPAV: Rate hike should be 500 bps as two main problems emphasized Güldem AtabayPosted on19 March, 202419 March, 2024 In its ‘Monetary Policy Assessment Note’, TEPAV emphasized that the policy rate should be raised … Continue ReadingTEPAV: Rate hike should be 500 bps as two main problems emphasized
Categories HIGHLIGHTS Politics Murat Yetkin: On April 1, two scenarios: we will wake up to a different Turkey Güldem AtabayPosted on19 March, 202419 March, 2024 It was clear that the main race in the election would be for the mayorship … Continue ReadingMurat Yetkin: On April 1, two scenarios: we will wake up to a different Turkey
Categories Economy HIGHLIGHTS Turkey’s Central Bank back to square one Güldem AtabayPosted on15 March, 202415 March, 2024 CBRT’s net foreign exchange reserves excluding swaps fell sharply in the week of March 8. … Continue ReadingTurkey’s Central Bank back to square one
Categories Economy HIGHLIGHTS Foreks CBRT interest rate survey: No rate hike expectations for the March 21 meeting, yet… Güldem AtabayPosted on14 March, 202415 March, 2024 The median expectation for the March meeting of the Central Bank of the Republic of … Continue ReadingForeks CBRT interest rate survey: No rate hike expectations for the March 21 meeting, yet…
Categories Economy HIGHLIGHTS UPDATE (Eurobond issue) Bloomberg: Turkey Discussed Buyback of Near-Term Dollar Bonds Güldem AtabayPosted on14 March, 202414 March, 2024 (Bloomberg) — Turkey is selling its first bonds in euros in almost three years as … Continue ReadingUPDATE (Eurobond issue) Bloomberg: Turkey Discussed Buyback of Near-Term Dollar Bonds
Categories Economy HIGHLIGHTS Minister Şimşek to businessmen: “I am willing to be the bad guy, you will have a hard time” Güldem AtabayPosted on14 March, 202414 March, 2024 Details of Treasury and Finance Minister Mehmet Şimşek’s meetings with the Union of Chambers and … Continue ReadingMinister Şimşek to businessmen: “I am willing to be the bad guy, you will have a hard time”
Categories Economy CBRT pushing all the buttons to curb demand for foreign currency as tightening cycle ended Güldem AtabayPosted on14 March, 2024 In the lead-up to the local elections, despite a new upward surge in inflation, the … Continue ReadingCBRT pushing all the buttons to curb demand for foreign currency as tightening cycle ended
Categories Economy HIGHLIGHTS Fitch: Inflation pressures remain strong, tightening to continue post-election Güldem AtabayPosted on14 March, 2024 Erich Arispe Morales, Senior Director and Turkey Analyst at Fitch Ratings, stated that the first … Continue ReadingFitch: Inflation pressures remain strong, tightening to continue post-election
Categories Economy HIGHLIGHTS Turkey’s central bank introduces more steps to slow demand and tighten liquidity as it signalled the end of rate hike cycyle Güldem AtabayPosted on13 March, 2024 The Central Bank (CBRT) announced new reserve requirement steps that will tighten TL liquidity in … Continue ReadingTurkey’s central bank introduces more steps to slow demand and tighten liquidity as it signalled the end of rate hike cycyle
Categories Economy HIGHLIGHTS Turkey’s January CAD shows external funding requirement easing, yet the burden is still on CBRT Güldem AtabayPosted on12 March, 2024 Central bank of Turkey (CBRT) announced Turkey’s current account balance at a deficit of USD … Continue ReadingTurkey’s January CAD shows external funding requirement easing, yet the burden is still on CBRT
Categories Economy HIGHLIGHTS As Turkey’s inflation soars in February, the CBRT restricts bank lending in an effort to prevent further rate hikes Güldem AtabayPosted on6 March, 2024 The Central Bank of Turkey took additional tightening measures to support the tight monetary policy. … Continue ReadingAs Turkey’s inflation soars in February, the CBRT restricts bank lending in an effort to prevent further rate hikes
