Categories Economy Finance HIGHLIGHTS Markets Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem ÇetingüçPosted on25 January, 2021In January, CUR of manufacturing sector, RSCI and sectoral confidence indexes gave a mixed outlook. … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Economy HIGHLIGHTS Confidence Indices reflect mixed signals Güldem AtabayPosted on25 January, 2021Seasonally adjusted confidence index increased by 2.9% in services sector, while decreased 0.1% in retail … Continue ReadingConfidence Indices reflect mixed signals
Categories Economy HIGHLIGHTS Politics “EU leaders must take ‘leap of faith’ to believe Turkey’s U-turn” Pierini says Güldem AtabayPosted on24 January, 2021Former European Union ambassador to Ankara Marc Pierini spoke with Ahval’s Yavuz Baydar about Turkey’s … Continue Reading“EU leaders must take ‘leap of faith’ to believe Turkey’s U-turn” Pierini says
Categories Economy General HIGHLIGHTS Income inequality is highest in Turkey compared to Europe Cem ÇetingüçPosted on24 January, 2021Prepared by the Public Services Employees Union (Genel-İş), a recent report has shown that seven … Continue ReadingIncome inequality is highest in Turkey compared to Europe
Categories Business Economy HIGHLIGHTS FDI net inflows fell to negative for the first time in Turkish history Cem ÇetingüçPosted on24 January, 2021In 2020, foreign direct investment net inflows excluding the real estate sector fell to negative … Continue ReadingFDI net inflows fell to negative for the first time in Turkish history
Categories Economy HIGHLIGHTS Credit Suisse: Turkey-being tested Atilla YeşiladaPosted on23 January, 2021New economy team, same old uncertainties We take the view, albeit with limited confidence, that … Continue ReadingCredit Suisse: Turkey-being tested
Categories Economy General CBRT remains on hold, but sounds more hawkish than before Cem ÇetingüçPosted on22 January, 202122 January, 2021In line with our expectations, the CBRT kept its key policy rate unchanged at 17.0% … Continue ReadingCBRT remains on hold, but sounds more hawkish than before
Categories Economy HYPED Erdal Saglam: Biden will make waves for Turkey’s Economy Atilla YeşiladaPosted on22 January, 2021With US presidential Biden’s arrival, a new era begins for the world and Turkey. It … Continue ReadingErdal Saglam: Biden will make waves for Turkey’s Economy
Categories Economy HIGHLIGHTS Markets Macro Snapshot: Consumer Confidence Index, January 2021 Cem ÇetingüçPosted on21 January, 2021Consumption confidence gave a rebound signal from the short-term bottom. Despite the ongoing deterioration in … Continue ReadingMacro Snapshot: Consumer Confidence Index, January 2021
Categories Economy HIGHLIGHTS Markets Macro view: CBRT keeps policy rate stable at 17% but delivers a hawkish call Cem ÇetingüçPosted on21 January, 202121 January, 2021CBRT kept the policy rate at 17.0%, in line with our and the wider market … Continue ReadingMacro view: CBRT keeps policy rate stable at 17% but delivers a hawkish call
Categories Economy HIGHLIGHTS Consumers “more confident” now that the TL slide stopped Güldem AtabayPosted on21 January, 2021Seasonally adjusted consumer confidence index increased by 4.0% in January to 83.3compared to 80.1 in … Continue ReadingConsumers “more confident” now that the TL slide stopped
Categories Economy Finance HIGHLIGHTS Markets Turkey Weighs End to Banks’ Dividend Freeze on Recovery Hope Güldem AtabayPosted on21 January, 2021Turkish authorities are considering the removal of a year-old ban on banks’ dividend payments, counting … Continue ReadingTurkey Weighs End to Banks’ Dividend Freeze on Recovery Hope
Categories Economy Finance General HIGHLIGHTS Central Bank keeps the rate at 17% with a strong “no rate cut soon” message Güldem AtabayPosted on21 January, 2021The central bank of Turkey today at its Monetary Policy Council (MPC) meeting kept the … Continue ReadingCentral Bank keeps the rate at 17% with a strong “no rate cut soon” message
Categories Damon H. Grande Economy HIGHLIGHTS OPINION: No rate changes until March Atilla YeşiladaPosted on21 January, 2021At the eve of another Central Bank of Turkey (CBRT) rate meeting, opinion is divided … Continue ReadingOPINION: No rate changes until March
Categories Economy General HIGHLIGHTS Markets Turkish Housing prices Increased by a staggering 30 percent in November Cem ÇetingüçPosted on20 January, 202120 January, 2021The Housing Price Index (HPI), which increased by 1.5 percent in November 2020 compared to … Continue ReadingTurkish Housing prices Increased by a staggering 30 percent in November
Categories Economy Finance HIGHLIGHTS Politics Bloomberg: Incoming Biden Administration Hints at More Turkey Sanctions Güldem AtabayPosted on20 January, 202120 January, 2021President-elect Joe Biden’s pick to lead the State Department said the U.S. would decide whether … Continue ReadingBloomberg: Incoming Biden Administration Hints at More Turkey Sanctions
Categories Economy HIGHLIGHTS Politics Turkey’s prospects in 2021 Güldem AtabayPosted on20 January, 2021Will 2021 be a year of reckoning for Turkey and its president, Recep Tayyip Erdogan? … Continue ReadingTurkey’s prospects in 2021
Categories Economy Finance General HIGHLIGHTS Markets Turkey’s high yielding Eurobond sale: 1/3 of the 2021 target completed Güldem AtabayPosted on20 January, 202120 January, 2021As was announced the day before, Turkey completed its first Eurobond sale of 2021 and … Continue ReadingTurkey’s high yielding Eurobond sale: 1/3 of the 2021 target completed
Categories Economy HIGHLIGHTS Markets Tim Ash: A quick and dirty Turkey Q&A Atilla YeşiladaPosted on20 January, 2021Q? There have recently been some major changes at the Central Bank of the Republic … Continue ReadingTim Ash: A quick and dirty Turkey Q&A
Categories Economy HIGHLIGHTS JP Morgan: We expect the CBRT to remain on hold Atilla YeşiladaPosted on20 January, 2021We believe that the cumulative 675bp tightening the CBRT delivered over the last two meetings … Continue ReadingJP Morgan: We expect the CBRT to remain on hold
