Categories Business Company & Industry Economy Finance HIGHLIGHTS The liquidity threat looming over markets in 2022 Cem CetingucPosted on17 December, 2021 After nearly two years of solid gains across stock markets, will the feared roller-coaster return? … Continue ReadingThe liquidity threat looming over markets in 2022
Categories Economy Finance HIGHLIGHTS Politics UPDATE (TL slump) CBRT cuts interest rates by 100 basis points Cem CetingucPosted on16 December, 202117 December, 2021 AP: Turkish lira dips to new low after another interest rate cut The Turkish lira hit … Continue ReadingUPDATE (TL slump) CBRT cuts interest rates by 100 basis points
Categories Economy General HIGHLIGHTS Turkish minimum wage increases 50 percent to TL4,250 Cem CetingucPosted on16 December, 202116 December, 2021 Turkey has increased minimum wage to 4,250 Turkish Liras, President Recep Tayyip Erdoğan announced on Dec. 16. urkey’s … Continue ReadingTurkish minimum wage increases 50 percent to TL4,250
Categories Economy Finance HIGHLIGHTS Markets IMF reminds interest rate risks as global debt rises to $226 trillion Cem CetingucPosted on16 December, 2021 Global debt surged to $226 trillion last year, its biggest one-year jump since World War … Continue ReadingIMF reminds interest rate risks as global debt rises to $226 trillion
Categories Economy Finance HIGHLIGHTS Macro Snapshot: Outstanding External Loans Received by Private Sector Cem CetingucPosted on16 December, 2021 In October, private sectors’ outstanding ST debt (included trade credits) increased by USD6.4bn to USD48.6bn … Continue ReadingMacro Snapshot: Outstanding External Loans Received by Private Sector
Categories Economy Finance General HIGHLIGHTS Politics Turkish minister to stress low rates policy to bankers after Erdoğan talks Güldem AtabayPosted on14 December, 2021 Turkish Treasury and Finance Minister Nureddin Nebati will meet with bankers in the coming days … Continue ReadingTurkish minister to stress low rates policy to bankers after Erdoğan talks
Categories Economy HIGHLIGHTS Politics Capital needs of Turkey’s state-run banks discussed at summit Güldem AtabayPosted on14 December, 2021 Turkish state-run banks’ capital needs were among the issues discussed at a meeting between President … Continue ReadingCapital needs of Turkey’s state-run banks discussed at summit
Categories Economy General HIGHLIGHTS Turkish Lira plummets, brings doom to Northern Syria Cem CetingucPosted on14 December, 2021 Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighbouring … Continue ReadingTurkish Lira plummets, brings doom to Northern Syria
Categories Economy General HIGHLIGHTS Macro Snapshot: CBRT Survey of Market Participants Cem CetingucPosted on14 December, 2021 MoM expectations for next 3 months indicates that the monthly CPI data would remarkably above … Continue ReadingMacro Snapshot: CBRT Survey of Market Participants
Categories Economy Finance General HIGHLIGHTS Markets Politics Turkish Central Bank intervenes again as Lira moves past 14 per Dollar; rate cut decision awaited Güldem AtabayPosted on13 December, 2021 Turkey’s lira tumbled past 14 to the dollar to 14.75 for the first time in … Continue ReadingTurkish Central Bank intervenes again as Lira moves past 14 per Dollar; rate cut decision awaited
Categories Economy Finance General HIGHLIGHTS Turkish Finance Minister: Market economy will prevail; “determined to not raise rates” Güldem AtabayPosted on13 December, 2021 Turkey’s new finance minister met with a group of businesspeople over the weekend to assure … Continue ReadingTurkish Finance Minister: Market economy will prevail; “determined to not raise rates”
Categories Economy Finance General HIGHLIGHTS Politics UBS Global Wealth Management discontinues coverage of TL Güldem AtabayPosted on13 December, 2021 Given the irrational economic policies of the AKP government that makes currency forecasting impossible on … Continue ReadingUBS Global Wealth Management discontinues coverage of TL
Categories Economy HIGHLIGHTS Politics Erdoğan deems social media a ‘threat to democracy’ Güldem AtabayPosted on12 December, 2021 President Recep Tayyip Erdoğan has deemed social media “one of the main sources of threats … Continue ReadingErdoğan deems social media a ‘threat to democracy’
Categories Economy HIGHLIGHTS Turkish grocery stores impose quotas on milk sales amid skyrocketing prices Güldem AtabayPosted on12 December, 2021 Some grocery stores in Turkey have started imposing quotas on milk sales amid skyrocketing prices, … Continue ReadingTurkish grocery stores impose quotas on milk sales amid skyrocketing prices
Categories Economy HIGHLIGHTS Turkish inflation is out of control Atilla YeşiladaPosted on11 December, 2021 Cover chart: 12 and 24 month ahead inflation forecasts as published by Central Bank of … Continue ReadingTurkish inflation is out of control
Categories Economy General HIGHLIGHTS Markets Currency crisis hits hard in Turkey Cem CetingucPosted on9 December, 2021 Turkey’s deepening currency crisis could mark the definitive end of the country’s economic success story … Continue ReadingCurrency crisis hits hard in Turkey
Categories Business Economy HIGHLIGHTS Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis Cem CetingucPosted on9 December, 2021 The country’s currency, the lira, has lost almost half its value against the dollar so … Continue ReadingApparel exports boom while retailers fight for survival amid Turkey’s economic crisis
Categories Economy General HIGHLIGHTS Politics Turkey Nears Tipping Point: Capital Controls, Use of Reserves Unlikely to Prevent Lira Depreciation Güldem AtabayPosted on9 December, 2021 The government in Ankara has few options available so long as President Recep Tayyip Erdoğan … Continue ReadingTurkey Nears Tipping Point: Capital Controls, Use of Reserves Unlikely to Prevent Lira Depreciation
Categories Economy HIGHLIGHTS Politics The richest 10 percent captures 54 percent of Turkey’s total income Güldem AtabayPosted on8 December, 2021 Founded by economist Thomas Piketty, the Paris-based World Inequality Lab has released its World Inequality Report … Continue ReadingThe richest 10 percent captures 54 percent of Turkey’s total income
Categories Economy HIGHLIGHTS Politics Turkey’s Erdogan to Ignore European Rulings on Kavala, Demirtas Güldem AtabayPosted on8 December, 2021 Turkish President Erdogan vowed to ignore calls by Europe for the release of jailed businessman … Continue ReadingTurkey’s Erdogan to Ignore European Rulings on Kavala, Demirtas
