Categories Economy General HIGHLIGHTS Consumer confidence index deteriorated in February Cem CetingucPosted on22 February, 202422 February, 2024 Consumer morale in Türkiye deteriorated in February for the first time since August amid declines … Continue ReadingConsumer confidence index deteriorated in February
Categories Economy HIGHLIGHTS Politics Turkey’s local election campaigns contributes to economy Cem CetingucPosted on22 February, 202422 February, 2024 Thousands of candidates vying for posts in the upcoming local elections are expected to contribute a substantial … Continue ReadingTurkey’s local election campaigns contributes to economy
Categories Economy HIGHLIGHTS TURKEY: Central Bank keeps rates fixed at 45 percent with a rather dovish tone Güldem AtabayPosted on22 February, 202422 February, 2024 Turkey’s central bank (CBRT) kept the policy rate (the one-week repo auction rate) constant at … Continue ReadingTURKEY: Central Bank keeps rates fixed at 45 percent with a rather dovish tone
Categories Company & Industry Economy HIGHLIGHTS Turkey’s total turnover index rise by 69 percent in December Cem CetingucPosted on21 February, 2024 The Turkish Statistical Institute disclosed on Tuesday that Turkey’s total turnover index, encompassing sectors such … Continue ReadingTurkey’s total turnover index rise by 69 percent in December
Categories Business Economy HIGHLIGHTS Turkish foreign direct investments exceed $10 billion in 2023 Atilla YeşiladaPosted on20 February, 202422 February, 2024 Türkiye saw foreign direct investments (FDI) exceed $10 billion (TL 307.23 billion) throughout 2023, a … Continue ReadingTurkish foreign direct investments exceed $10 billion in 2023
Categories Economy HIGHLIGHTS TEPAV: Why should Turkey’s central bank hike rates this week? Editor P.A.Posted on20 February, 2024 Turkish Economic Policy Research Foundation (TEPAV) issued a note on Turkey’s inflation and monetary policy … Continue ReadingTEPAV: Why should Turkey’s central bank hike rates this week?
Categories Economy General HIGHLIGHTS Finance Minister: Türkiye wil not do anything “extraordinary” to curb inflation Cem CetingucPosted on16 February, 2024 Türkiye will not do anything “extraordinary” to curb inflation, Treasury and Finance Minister Mehmet Şimşek … Continue ReadingFinance Minister: Türkiye wil not do anything “extraordinary” to curb inflation
Categories Economy HIGHLIGHTS CBRT Market Participants Survey: Inflation is moving away from expectations, not converging Editor P.A.Posted on16 February, 202416 February, 2024 According to the ‘Market Participants Survey’ published by the Central Bank of Turkey; year-end inflation … Continue ReadingCBRT Market Participants Survey: Inflation is moving away from expectations, not converging
Categories Economy HIGHLIGHTS (UPDATE-Commentary added) Housing sales continue to slide in Turkey following strong rate hikes Güldem AtabayPosted on16 February, 202416 February, 2024 Halk Yatirim Research commentary According to TUIK data, total housing sales across Turkey decreased by … Continue Reading(UPDATE-Commentary added) Housing sales continue to slide in Turkey following strong rate hikes
Categories Atilla Yeşilada Economy Finance HIGHLIGHTS Video Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy? Atilla YeşiladaPosted on14 February, 2024 CPI soared by 6.5% in January and 65% per annum. • As far as … Continue ReadingVideo Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy?
Categories Economy HIGHLIGHTS Türkiye’s current account deficit expected to shrink: CBRT data Cem CetingucPosted on13 February, 2024 Türkiye ended 2023 with a lower-than-expected current account deficit of nearly $2.1 billion (TL 64.52 … Continue ReadingTürkiye’s current account deficit expected to shrink: CBRT data
Categories Economy HIGHLIGHTS Simsek’s plans after March 31: ‘Erdoğan may object’ Güldem AtabayPosted on12 February, 2024 Journalist Erdal Sağlam commented on Treasury and Finance Minister Mehmet Şimşek’s plans for the post-election … Continue ReadingSimsek’s plans after March 31: ‘Erdoğan may object’
Categories Economy HIGHLIGHTS CBRT Governor Karahan meets with the Banks Association of Turkey Güldem AtabayPosted on12 February, 2024 Dr. Fatih Karahan, Governor of the Central Bank of the Republic of Turkey (CBRT), met … Continue ReadingCBRT Governor Karahan meets with the Banks Association of Turkey
Categories Economy HIGHLIGHTS Turkey’s unemployment rate stable in December Güldem AtabayPosted on12 February, 2024 According to data released by Turkstat, unemployment rate was 8.8 percent in December. While unemployment … Continue ReadingTurkey’s unemployment rate stable in December
Categories Business Economy HIGHLIGHTS Turkish industrial production rises in December, but outlook not favorable Atilla YeşiladaPosted on11 February, 2024 Turkey’s industrial production registered an annual increase of 1.6% in December, the country’s statistical authority … Continue ReadingTurkish industrial production rises in December, but outlook not favorable
Categories Economy HIGHLIGHTS Turkish economy closes the year with weak supply coupled with solid demand, forecasts BBVA Garanti Invest Atilla YeşiladaPosted on10 February, 2024 BBVA Garanti Invest publishes the only English language nowcast of the economy. Its February report … Continue ReadingTurkish economy closes the year with weak supply coupled with solid demand, forecasts BBVA Garanti Invest
Categories Economy Finance HYPED BBVA Türkiye analysis: The CBRT sticks to its interim inflation targets Atilla YeşiladaPosted on9 February, 20249 February, 2024 In the first inflation report of the year, the Central Bank (CBRT) maintained its interim … Continue ReadingBBVA Türkiye analysis: The CBRT sticks to its interim inflation targets
Categories Economy HIGHLIGHTS New Central Bank Governor pledges to continue tight monetary stance Cem CetingucPosted on8 February, 2024 New Central Bank Governor Fatih Karahan has said that the bank will maintain its tight monetary stance until … Continue ReadingNew Central Bank Governor pledges to continue tight monetary stance
Categories Economy Güldem Atabay HIGHLIGHTS Güldem Atabay: January budget deficit explodes, election economy to trigger rate hikes Atilla YeşiladaPosted on8 February, 2024 Erdogan is opening the budgetary floodgates wide to win end-March municipal elections. The January 2024 … Continue ReadingGüldem Atabay: January budget deficit explodes, election economy to trigger rate hikes
Categories Business Economy HIGHLIGHTS Trade Ministry : 45 Turkish provinces increased its exports in January Cem CetingucPosted on7 February, 2024 Exports from 45 of Türkiye’s 81 provinces increased in January compared to the same month of the … Continue ReadingTrade Ministry : 45 Turkish provinces increased its exports in January
