Categories Economy HIGHLIGHTS Politics Turkey without friends and without cash Atilla YeşiladaPosted on30 October, 2020Life is not treating Turkey very kindly nowadays. The country is mired in a Covid-19 … Continue ReadingTurkey without friends and without cash
Categories Business Economy HIGHLIGHTS Exchange rate turmoil brings record hike in food prices Atilla YeşiladaPosted on28 October, 2020 Source: Sozcu.com.tr, news by Sayime Başçı Low income citizens, who had to allocate 1/3 … Continue ReadingExchange rate turmoil brings record hike in food prices
Categories Economy Güldem Atabay HIGHLIGHTS Markets Politics Turkish central bank’s mock Inflation Report Güldem AtabayPosted on28 October, 202028 October, 2020Following days of Turkish lira meltdown that added to 5.6% against the USD over the … Continue ReadingTurkish central bank’s mock Inflation Report
Categories Economy Emerging Markets HIGHLIGHTS Hail the Turkish state of mind: October economic confidence spikes 4.8% Güldem AtabayPosted on28 October, 2020Economic confidence index that was 88.5 in September increased by 4.8% in October to 92.8. … Continue ReadingHail the Turkish state of mind: October economic confidence spikes 4.8%
Categories Economy Emerging Markets Finance HIGHLIGHTS Politics BBC: Turkish lira sinks amid Erdogan fury with allies Güldem AtabayPosted on28 October, 2020President Recep Tayyip Erdogan has riled France and the US among others. Analysts attribute the … Continue ReadingBBC: Turkish lira sinks amid Erdogan fury with allies
Categories Economy Emerging Markets HIGHLIGHTS Markets Politics DW: Boycott call tests France-Turkey trade relations Güldem AtabayPosted on28 October, 2020Turkish President Recep Tayyip Erdogan has urged Turks to stop buying French goods in response … Continue ReadingDW: Boycott call tests France-Turkey trade relations
Categories Economy HIGHLIGHTS Markets Another shock to Turkish economy: EU mulls sanctions Atilla YeşiladaPosted on28 October, 2020Turkey is on the verge of a currency crisis, as dollar/TL trades up to 8.20 … Continue ReadingAnother shock to Turkish economy: EU mulls sanctions
Categories Economy Emerging Markets HIGHLIGHTS HYPED Politics CFR: The changing nature of Turkey’s balance sheet risks Güldem AtabayPosted on27 October, 2020The lira was under a fair amount of pressure today. Bloomberg reports the state banks … Continue ReadingCFR: The changing nature of Turkey’s balance sheet risks
Categories Economy HIGHLIGHTS Politics Albayrak says “Turkey has no plans for capital controls” and “competitive TL working” Güldem AtabayPosted on27 October, 2020Bloomberg HT cited Treasury and Finance Minister Berat Albayrak as saying in a conference call … Continue ReadingAlbayrak says “Turkey has no plans for capital controls” and “competitive TL working”
Categories Economy HIGHLIGHTS Politics Politico: By sea and land, Turkey raises tensions with EU Güldem AtabayPosted on27 October, 2020Turkish President Recep Tayyip Erdoğan’s provocations — including saying Emmanuel Macron needs “mental treatment” — have angered the … Continue ReadingPolitico: By sea and land, Turkey raises tensions with EU
Categories Economy Emerging Markets Sectoral Confidence Indices recovery in October: Winner is the service sector Güldem AtabayPosted on26 October, 202026 October, 2020Seasonally adjusted confidence index increased by 6.4% in services sector, 1.7% in retail trade sector … Continue ReadingSectoral Confidence Indices recovery in October: Winner is the service sector
Categories Economy October industrial confidence at highest since May 2018 the currency crisis Güldem AtabayPosted on26 October, 202026 October, 2020The central bank data showed Turkey’s industrial confidence at the highest level in almost two … Continue ReadingOctober industrial confidence at highest since May 2018 the currency crisis
Categories Economy HIGHLIGHTS TL sinking while policy makers stand powerless Güldem AtabayPosted on26 October, 2020The lira reached 8.05 since the early trade weakening from a close of 7.9650 on … Continue ReadingTL sinking while policy makers stand powerless
Categories Business Economy Economist Özatay: Bankruptcies will Increase, Be Prepared Atilla YeşiladaPosted on24 October, 2020By Mehtap Ozcan Erturk, Sozcu.com.tr Professor Fatih Özatay, a former Central Bank staffer, claimed that … Continue ReadingEconomist Özatay: Bankruptcies will Increase, Be Prepared
Categories Economy HIGHLIGHTS Central Bank Fails to Hike Rates, a Fatal Error by Erdogan Administration Atilla YeşiladaPosted on24 October, 2020 Central Bank fails to hike rates, another fatal error by Erdogan administration Turkey’s institutional … Continue ReadingCentral Bank Fails to Hike Rates, a Fatal Error by Erdogan Administration
Categories Economy General HIGHLIGHTS Turkey’s Covid crisis compounded by medicine shortage Atilla YeşiladaPosted on24 October, 2020Turkey reported 2,165 new Covid patients on Friday, as medical authorities claim Covid cases, including … Continue ReadingTurkey’s Covid crisis compounded by medicine shortage
Categories Economy HIGHLIGHTS FT: Turkish lira sinks to record low after central bank holds fire Güldem AtabayPosted on22 October, 2020Turkey’s central bank has dented hopes for a return to economic orthodoxy, ignoring calls from … Continue ReadingFT: Turkish lira sinks to record low after central bank holds fire
Categories Economy HIGHLIGHTS Consumer Confidence marginally down in October Güldem AtabayPosted on22 October, 2020Consumer confidence in Turkey marginally eased in October compared with the previous month as the … Continue ReadingConsumer Confidence marginally down in October
Categories Economy HIGHLIGHTS Markets ING comment on Turkey: Flat policy rate, but change in the rate corridor Atilla YeşiladaPosted on22 October, 2020In the October rate setting meeting, the central bank did not see the need to … Continue ReadingING comment on Turkey: Flat policy rate, but change in the rate corridor
Categories Economy Emerging Markets HIGHLIGHTS Markets Politics ANALYSIS: The central bank’s inaction today will bring more rate hikes down the road Güldem AtabayPosted on22 October, 202022 October, 2020What began as a promising move in September, with the central bank of Turkey finally … Continue ReadingANALYSIS: The central bank’s inaction today will bring more rate hikes down the road
