Categories Economy HIGHLIGHTS Turkish Officials Seek to Avoid Expulsion of Western Envoys Güldem AtabayPosted on25 October, 2021 Recep Tayyip Erdogan’s administration is weighing options to avoid formally designating ambassadors from 10 countries, … Continue ReadingTurkish Officials Seek to Avoid Expulsion of Western Envoys
Categories Economy HYPED Central Bank of Turkey poised to up its inflation forecasts Atilla YeşiladaPosted on25 October, 2021 Turkey’s central bank could revise its forecast higher in its new inflation report, due to … Continue ReadingCentral Bank of Turkey poised to up its inflation forecasts
Categories Economy Finance HIGHLIGHTS Turkey on the verge of a weak currency-inflation spiral Atilla YeşiladaPosted on25 October, 2021 The Turkish lira weakened 1.6% to a record low against the dollar in early Asian … Continue ReadingTurkey on the verge of a weak currency-inflation spiral
Categories Company & Industry Economy JP Morgan: CBRT speeds up monetary easing despite tricky fundamentals Cem CetingucPosted on24 October, 2021 The CBRT managed to surprise the markets yet again and cut its policy by 200bp … Continue ReadingJP Morgan: CBRT speeds up monetary easing despite tricky fundamentals
Categories Economy HIGHLIGHTS Erdoğan: Turkey shouldn’t host ambassadors who called for Kavala’s release Güldem AtabayPosted on21 October, 2021 President Recep Tayyip Erdoğan has slammed the ambassadors of 10 countries, including the US, Germany … Continue ReadingErdoğan: Turkey shouldn’t host ambassadors who called for Kavala’s release
Categories Economy HIGHLIGHTS FATF places Turkey on grey list over terror financing Güldem AtabayPosted on21 October, 2021 The Financial Action Task Force (FATF) has placed Turkey on its grey list for failing … Continue ReadingFATF places Turkey on grey list over terror financing
Categories Economy HIGHLIGHTS Turkey consumer confidence hits 12 year low Güldem AtabayPosted on21 October, 2021 Seasonally adjusted consumer confidence index decreased by 3.6% in October compared to the previous month … Continue ReadingTurkey consumer confidence hits 12 year low
Categories Economy Güldem Atabay HIGHLIGHTS Shockingly “bold” rate cut and now what for TL? Güldem AtabayPosted on21 October, 2021 Turkey’s central bank cut the benchmark interest rate by 2 percentage points to 16% at … Continue ReadingShockingly “bold” rate cut and now what for TL?
Categories Economy Erdogan Unorthodox Views on Economy Rattle Turkish Markets Cem CetingucPosted on21 October, 2021 Turkey’s President Recep Tayyip Erdogan doesn’t like it when the country’s banks charge people relatively … Continue ReadingErdogan Unorthodox Views on Economy Rattle Turkish Markets
Categories Economy General Erdogan battles to curb ‘exorbitant prices’ Cem CetingucPosted on21 October, 2021 President Tayyip Erdogan has wheeled a trolley around one of the new grocery stores he … Continue ReadingErdogan battles to curb ‘exorbitant prices’
Categories Atilla Yeşilada Business Economy HIGHLIGHTS The rate cut conundrum: What will Erdogan do? Atilla YeşiladaPosted on20 October, 2021 I have read three surveys by Turkish press outlets, all of which find that the … Continue ReadingThe rate cut conundrum: What will Erdogan do?
Categories Economy HIGHLIGHTS Turkish State Energy Giants Set for Rejig Ahead of Possible Sale Güldem AtabayPosted on20 October, 2021 Turkey is preparing to reorganize some of its largest state companies ahead of possible stake … Continue ReadingTurkish State Energy Giants Set for Rejig Ahead of Possible Sale
Categories Economy Turkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment Cem CetingucPosted on20 October, 2021 The World: The ongoing energy crunch causing various knock-on effects is triggering fears of stagflation. … Continue ReadingTurkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment
Categories Economy Is there no respite in sight for the Turkish lira? Cem CetingucPosted on20 October, 2021 When I rented my first Istanbul apartment, in mid-2013, the Turkish economy was humming and … Continue ReadingIs there no respite in sight for the Turkish lira?
Categories Economy Emerging Markets Finance General HIGHLIGHTS Emerging-Market Currencies Hurt by Growth Woes After Rate Hikes Güldem AtabayPosted on18 October, 2021 Central banks’ longstanding strategy of hiking interest rates to defend currencies is failing to work … Continue ReadingEmerging-Market Currencies Hurt by Growth Woes After Rate Hikes
Categories Company & Industry Economy Global economy struggling with a growing energy crisis Cem CetingucPosted on16 October, 2021 Global economy struggling with a growing energy crisis. The mounting energy prices has become the hottest … Continue ReadingGlobal economy struggling with a growing energy crisis
Categories Company & Industry Economy EM Europe Food Retail Research Cem CetingucPosted on15 October, 2021 Russia – Consolidation, inflation and new growth channels: Inflation remains a key concern in Russia, … Continue ReadingEM Europe Food Retail Research
Categories Economy General HIGHLIGHTS Politics Erdogan Rids Turkey Interest-Rate Panel of Opponents to Cuts Güldem AtabayPosted on13 October, 202114 October, 2021 Turkish President Recep Tayyip Erdogan fired three members of the central bank’s interest-rate setting committee … Continue ReadingErdogan Rids Turkey Interest-Rate Panel of Opponents to Cuts
Categories Economy HIGHLIGHTS Politics Turkey says it will do ‘what is necessary’ after Syria attacks Güldem AtabayPosted on13 October, 2021 Foreign Minister Mevlüt Çavuşoğlu said on Oct. 13 Turkey would “do what is necessary for … Continue ReadingTurkey says it will do ‘what is necessary’ after Syria attacks
Categories Economy HIGHLIGHTS Construction cost rising in double digits as house sales are sluggish Güldem AtabayPosted on13 October, 2021 Higher inflation and weaker TL are taking their toll on Turkey’s construction sector. In Turkey, … Continue ReadingConstruction cost rising in double digits as house sales are sluggish
