Categories Economy Finance HIGHLIGHTS Morgan Stanley bets on more rate cuts, weaker TL Atilla YeşiladaPosted on18 November, 2021 We see a 100bp cut to 15.00% by the CBT this week, although a larger … Continue ReadingMorgan Stanley bets on more rate cuts, weaker TL
Categories Economy Finance HIGHLIGHTS ANALYSIS: Cutting interest rates further would be too risky Atilla YeşiladaPosted on17 November, 2021 Turkey’s central bank is widely anticipated to trim interest rates further on November 18 despite … Continue ReadingANALYSIS: Cutting interest rates further would be too risky
Categories Economy HIGHLIGHTS Turkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira Güldem AtabayPosted on17 November, 2021 Turkey’s state energy company BOTAS is expected to turn to the central bank to help … Continue ReadingTurkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira
Categories Economy HIGHLIGHTS Erdogan calls for lower rates again ahead of the central bank decision meeting Güldem AtabayPosted on17 November, 2021 Speaking at the AKP’s Group Meeting, President Erdogan said he would continue fighting for lower … Continue ReadingErdogan calls for lower rates again ahead of the central bank decision meeting
Categories Economy General World Bank Vice President warned Turkey against outcomes of the inflation trend Cem CetingucPosted on15 November, 202115 November, 2021 World Bank Vice President for Europe and Central Asia Anna Bjerde welcomed the positive growth of Turkey’s … Continue ReadingWorld Bank Vice President warned Turkey against outcomes of the inflation trend
Categories Economy General School break revitalizes tourism sector in Turkey Cem CetingucPosted on15 November, 2021 Scores of people, especially students, are flocking to Turkey’s major holiday destinations, such as Antalya, Cappadocia and Lake Abant, … Continue ReadingSchool break revitalizes tourism sector in Turkey
Categories Economy HIGHLIGHTS Macro Focus: In 10M21, only 1/3 of the budget deficit target completed Cem CetingucPosted on15 November, 2021 In October, budget gave a deficit of TRY17.4bn (Oct.20: TRY-4.9bn, Sep.21: TRY-23.6bn). Despite, there was no … Continue ReadingMacro Focus: In 10M21, only 1/3 of the budget deficit target completed
Categories Economy Emerging Markets HIGHLIGHTS Turkey the black sheep among tightening EM Central Banks Atilla YeşiladaPosted on15 November, 2021 The inflation debate has heated up of late, with increasing concern that the so-called transitory … Continue ReadingTurkey the black sheep among tightening EM Central Banks
Categories Business Economy BBVA Turkey | Industrial Production remained strong in 3Q Atilla YeşiladaPosted on13 November, 2021 Industrial Production (IP) grew parallel to expectations by 8.9% yoy in calendar adjusted terms (8.8% … Continue ReadingBBVA Turkey | Industrial Production remained strong in 3Q
Categories Business Economy HYPED Kaya Özyürek and Joseph Wang on Central Banking Atilla YeşiladaPosted on12 November, 2021 Kaya Özyürek and Joseph Wang, former senior trader on the open market operations desk … Continue ReadingKaya Özyürek and Joseph Wang on Central Banking
Categories Economy HIGHLIGHTS Politics Turkey’s Conundrum: How robust growth and poverty go hand in hand? Atilla YeşiladaPosted on12 November, 2021 Turkey’s Conundrum: How robust growth and poverty go hand in hand? Welcome to … Continue ReadingTurkey’s Conundrum: How robust growth and poverty go hand in hand?
Categories Economy General Hefty increase in minimum wage is expected in Turkey Cem CetingucPosted on12 November, 202112 November, 2021 Gizem Öztok Altınsaç, Chief Economist of the Turkish Industrialists’ and Businessmen’s Association (TÜSİAD), said she … Continue ReadingHefty increase in minimum wage is expected in Turkey
Categories Economy Finance Macro Focus: High single or double digit level of economic growth probable in 3Q21 Cem CetingucPosted on12 November, 2021 In September, IP decreased by 1.5% MoM, but increased by 8.9% YoY. According to the consensus, … Continue ReadingMacro Focus: High single or double digit level of economic growth probable in 3Q21
Categories Economy Finance Macro Focus: CA surplus continued for the second month in a row Cem CetingucPosted on12 November, 2021 In September, the CA posted a monthly surplus of USD1.7bn (Consensus: USD +1.3bn, YF: USD … Continue ReadingMacro Focus: CA surplus continued for the second month in a row
Categories Economy General Deutsche Bank predicts Turkey will cut rates to 14% by year-end Cem CetingucPosted on12 November, 2021 Deutsche Bank said it now expected Turkey’s central bank (CBT) to reduce interest rates faster … Continue ReadingDeutsche Bank predicts Turkey will cut rates to 14% by year-end
Categories Economy HIGHLIGHTS Turkey selling more abroad but at a cheaper price Güldem AtabayPosted on10 November, 202110 November, 2021 Turkey’s September export unit value index increase was limited with 11.8% where as its export … Continue ReadingTurkey selling more abroad but at a cheaper price
Categories Economy HIGHLIGHTS Markets Turkey’s construction cost inflation up 39.5 percent Güldem AtabayPosted on10 November, 2021 In September 2021, construction cost index (CCI) increased by 0.25% compared with previous month and … Continue ReadingTurkey’s construction cost inflation up 39.5 percent
Categories Economy HIGHLIGHTS Turkey’s unemployment eases in September but the figures might be misleading Güldem AtabayPosted on10 November, 2021 Turkey’s seasonally adjusted unemployment rate dropped to 11.5% as of September as per the official … Continue ReadingTurkey’s unemployment eases in September but the figures might be misleading
Categories Economy Emerging Markets HYPED WEF: How can developing economies recover from the pandemic? Atilla YeşiladaPosted on9 November, 2021 In last year’s COVID-19-induced global recession, global government debt surged in its largest single-year increase … Continue ReadingWEF: How can developing economies recover from the pandemic?
Categories Economy HIGHLIGHTS Bloomberg: Erdogan’s War on Interest Rates Is Making Turkey’s Rich Richer Güldem AtabayPosted on8 November, 2021 In a Bloomberg analysis written by Asli Kandemir and Cagan Koc, the focus is put … Continue ReadingBloomberg: Erdogan’s War on Interest Rates Is Making Turkey’s Rich Richer
