Categories Economy General HIGHLIGHTS Economy czar Simsek: Turkey on her way to single digit inflation Atilla YeşiladaPosted on3 October, 2024 Reaching out to his audience via X, economy czar Simsek stated that annual inflation decreased … Continue ReadingEconomy czar Simsek: Turkey on her way to single digit inflation
Categories Atilla Yeşilada Business Economy HIGHLIGHTS ANALYSIS: September brings bad news for Turkish exports Atilla YeşiladaPosted on3 October, 2024 Turkey’s trade minister Bolat announced preliminary September foreign trade figures on Wednesday. Mirroring the sudden … Continue ReadingANALYSIS: September brings bad news for Turkish exports
Categories Economy HIGHLIGHTS Steve Hanke: Turkish economy is on the road to fast recovery Cem CetingucPosted on2 October, 2024 World-renowned economist Steve Hanke has shared optimistic projections about Türkiye’s economy, forecasting a significant rise in per capita … Continue ReadingSteve Hanke: Turkish economy is on the road to fast recovery
Categories Economy HIGHLIGHTS Reuters: Turkey’s inflation likely to drop below Policy rate in september Cem CetingucPosted on2 October, 2024 ISTANBUL, Sept 30 (Reuters) – Turkey’s annual inflation is expected to continue its decline in … Continue ReadingReuters: Turkey’s inflation likely to drop below Policy rate in september
Categories Business Economy HIGHLIGHTS Turkey PMIs collapse, consumer confidence up in September Atilla YeşiladaPosted on1 October, 2024 Turkey manufacturing PMI reported its poorest showing in September, collapsing from 47.8 to 44.3 between … Continue ReadingTurkey PMIs collapse, consumer confidence up in September
Categories Economy HIGHLIGHTS Istanbul’s inflation with 3,9 percent increase in September defies central banks path Güldem AtabayPosted on1 October, 20241 October, 2024 According to Istanbul Chamber of Commerce (ITO) data, retail prices increased by 3.9 percent in … Continue ReadingIstanbul’s inflation with 3,9 percent increase in September defies central banks path
Categories Economy HIGHLIGHTS EBRD maintains Turkey GDP forecast, cites notable improvements Cem CetingucPosted on28 September, 2024 The European Bank for Reconstruction and Development (EBRD) kept its growth forecast for the Turkish … Continue ReadingEBRD maintains Turkey GDP forecast, cites notable improvements
Categories Economy HIGHLIGHTS BofA Turkey Report: Slow and steady towards disinflation, rate cuts Atilla YeşiladaPosted on26 September, 2024 Key takeaways Macroeconomic imbalances are improving albeit slowly. We still see a soft landing in … Continue ReadingBofA Turkey Report: Slow and steady towards disinflation, rate cuts
Categories Economy HIGHLIGHTS Politics Murat Yetkin: Designated most important agenda item in Turkish politics Güldem AtabayPosted on26 September, 2024 Republican People’s Party (CHP) Ankara Metropolitan Mayor Mansur Yavaş reacted to the “presidential rivalry within … Continue ReadingMurat Yetkin: Designated most important agenda item in Turkish politics
Categories Economy HIGHLIGHTS Politics Turkey cancels plans to tax stock and crypto gains Cem CetingucPosted on26 September, 2024 Türkiye has decided against implementing an additional tax package this year, including a levy on … Continue ReadingTurkey cancels plans to tax stock and crypto gains
Categories Economy HIGHLIGHTS Turkey could receive S&P upgrade soon enough Cem CetingucPosted on26 September, 2024 Türkiye may be on the verge of receiving another credit rating upgrade in November from … Continue ReadingTurkey could receive S&P upgrade soon enough
Categories Economy Finance HIGHLIGHTS Politics Simsek tells foreign investors that tight fiscal policy will play a decisive role in the disinflation process Güldem AtabayPosted on25 September, 2024 Turkey’s Finance Minister, Mehmet Simsek, informed investors during a New York meeting that a strict … Continue ReadingSimsek tells foreign investors that tight fiscal policy will play a decisive role in the disinflation process
Categories Economy Finance HIGHLIGHTS Household inflation expectations declined a notch yet still unanchored to inflation target Güldem AtabayPosted on25 September, 2024 The Central Bank of the Republic of Turkey (CBRT) survey results showed that households’ inflation … Continue ReadingHousehold inflation expectations declined a notch yet still unanchored to inflation target
Categories Economy HIGHLIGHTS OECD cuts growth forecast for Turkey Güldem AtabayPosted on25 September, 2024 The Organization for Economic Cooperation and Development (OECD) published the “Interim Economic Outlook” report, in … Continue ReadingOECD cuts growth forecast for Turkey
Categories Economy Finance HIGHLIGHTS Fitch announced its forecast: When will the Turkish Central Bank cut interest rates? Güldem AtabayPosted on25 September, 2024 Erich Arispe Morales, Senior Director and Turkey Analyst at international credit rating agency Fitch Ratings, … Continue ReadingFitch announced its forecast: When will the Turkish Central Bank cut interest rates?
Categories Economy Finance Markets CBRT’s reserve requirement change for TL deposits – one step closer to normalization Güldem AtabayPosted on21 September, 202421 September, 2024 The CBRT changed the reserve requirement ratios for Turkish lira (TL) and foreign currency (FX) … Continue ReadingCBRT’s reserve requirement change for TL deposits – one step closer to normalization
Categories Economy Finance HIGHLIGHTS BRSA loosens lending: Additional restrictions lifted Güldem AtabayPosted on21 September, 2024 The Banking Regulation and Supervision Agency (BRSA) removed the additional risk weights applied to personal … Continue ReadingBRSA loosens lending: Additional restrictions lifted
Categories Economy HIGHLIGHTS Turkish consumer confidence rises to four month high Güldem AtabayPosted on20 September, 2024 Turkish Statistical Institute (TurkStat) announced the consumer confidence index for September. Accordingly, the consumer confidence … Continue ReadingTurkish consumer confidence rises to four month high
Categories Economy General HIGHLIGHTS The power and authority debate in the AKP: The Palace- Party struggle Güldem AtabayPosted on20 September, 2024 Gazete Pencere columnist and journalist Nuray Babacan continues to report news from inside the AKP. … Continue ReadingThe power and authority debate in the AKP: The Palace- Party struggle
Categories Economy Finance HIGHLIGHTS Markets Turkey’s central bank holds rates steady, opting for a cautious wait-and-see approach ahead of rate cuts Güldem AtabayPosted on19 September, 2024 Turkey’s central bank, the CBRT, kept its policy rate unchanged at its Monetary Policy Committee … Continue ReadingTurkey’s central bank holds rates steady, opting for a cautious wait-and-see approach ahead of rate cuts
