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
Categories Economy HIGHLIGHTS Şimşek predicts inflation to drop to around 30% by early 2025 Cem CetingucPosted on17 September, 2024 Türkiye’s annual inflation will decline around 30 percent in the first quarter of 2025, before … Continue ReadingŞimşek predicts inflation to drop to around 30% by early 2025
Categories Economy Finance General HIGHLIGHTS Frequent changes in inflation targets undermine the credibility of Turkey’s monetary policy Güldem AtabayPosted on17 September, 2024 In the 13th issue of the Monetary Policy Assessment Note, which is published regularly by … Continue ReadingFrequent changes in inflation targets undermine the credibility of Turkey’s monetary policy
Categories Economy HIGHLIGHTS Markets Turkish workers put in the longest hours in Europe, yet earn some of the lowest wages Cem CetingucPosted on16 September, 202416 September, 2024 Turkey has the longest average weekly working hours among European countries, with 44.2 hours, compared … Continue ReadingTurkish workers put in the longest hours in Europe, yet earn some of the lowest wages
Categories Economy HIGHLIGHTS Erdoğan: Independent judiciary is cruciall for economic growth Cem CetingucPosted on16 September, 2024 President Recep Tayyip Erdoğan has emphasized the importance of an independent judiciary as a cornerstone of … Continue ReadingErdoğan: Independent judiciary is cruciall for economic growth
Categories Economy HIGHLIGHTS ANALYSIS: Turkey’s new Medium Term Economic Program, will it work? Atilla YeşiladaPosted on12 September, 2024 VP Yilmaz held a conference with the participation of Finance Minister Mehmet Simsek, Central Bank … Continue ReadingANALYSIS: Turkey’s new Medium Term Economic Program, will it work?
Categories Economy HIGHLIGHTS Politics DEM Party’s Temelli warns of stagflation, emphasizes democracy for salvation Cem CetingucPosted on9 September, 2024 Sezai Temelli, an economist and deputy of the pro-Kurdish Peoples’ Equality and Democracy Party (DEM … Continue ReadingDEM Party’s Temelli warns of stagflation, emphasizes democracy for salvation
Categories Atilla Yeşilada Economy HIGHLIGHTS Atilla Yeşilada video commentary: Turkish economy enters stagflation | Atilla YeşiladaPosted on7 September, 2024 • A poor second quarter GDP outturn, weak summer data and rampant inflation amount … Continue ReadingAtilla Yeşilada video commentary: Turkish economy enters stagflation |
Categories Economy HIGHLIGHTS Fitch Ratings raised Turkey’s credit one notch and changed its outlook from positive to stable Güldem AtabayPosted on6 September, 20246 September, 2024 International credit rating agency Fitch Ratings upgraded Turkey’s credit rating by one notch. According to … Continue ReadingFitch Ratings raised Turkey’s credit one notch and changed its outlook from positive to stable
