Categories Economy Finance Banking sector watchdog’s swap ban, manipulation-redefinition… as lira slide continues Editor P.A.Posted on7 May, 202021 May, 2020 Turkey’s banking regulator set new definitions for currency manipulation in a statement released and got … Continue ReadingBanking sector watchdog’s swap ban, manipulation-redefinition… as lira slide continues
Categories Economy Finance Markets Pressure on Turkey’s Economy Builds as Lira Hits Record Low Editor P.A.Posted on7 May, 202021 May, 2020 The Turkish lira slid to its lowest level in two years on Thursday as investors … Continue ReadingPressure on Turkey’s Economy Builds as Lira Hits Record Low
Categories Economy Finance Brad Setser: Why Turkey is running out of FX? Editor P.A.Posted on6 May, 202021 May, 2020 (Cover chart: Central Bank net reserves) Turkey’s currency has suddenly toppled versus the dollar, falling … Continue ReadingBrad Setser: Why Turkey is running out of FX?
Categories Economy Politics Turkey’s economy is in trouble but the public oppose an IMF loan Editor P.A.Posted on5 May, 202021 May, 2020 The Turkish central bank’s international reserves are drying up and the lira has hit a … Continue ReadingTurkey’s economy is in trouble but the public oppose an IMF loan
Categories Economy JP Morgan: Turkey: annual inflation stays on its downward trend Editor P.A.Posted on5 May, 202021 May, 2020 Despite the sharp lira weakening and its impact on import prices and its likely impact … Continue ReadingJP Morgan: Turkey: annual inflation stays on its downward trend
Categories Economy March-April data reveals devastation in economic landscape Editor P.A.Posted on5 May, 202021 May, 2020 New data from the state-run Turkish Statistical Institute for April 2020, as well as private … Continue ReadingMarch-April data reveals devastation in economic landscape
Categories Economy Emerging Markets Foreign Policy: Corona forces Brazil, Indonesia, India, Russia, and Turkey face a daunting new reality Editor P.A.Posted on4 May, 202021 May, 2020 Risky assets had rallied throughout April, thanks to slowing-down of the Covid-19 outbreaks in rich … Continue ReadingForeign Policy: Corona forces Brazil, Indonesia, India, Russia, and Turkey face a daunting new reality
Categories Company & Industry Economy Emerging Markets Finance Corona toll now tangible for the Turkish economy Editor P.A.Posted on4 May, 202021 May, 2020 Turkish Ministry of Commerce temporary foreign trade data shows an immense 41.38 percent yoy drop … Continue ReadingCorona toll now tangible for the Turkish economy
Categories Economy Current account in balance, but foreign debt payments a problem Editor P.A.Posted on4 May, 202021 May, 2020 Foreign trade deficit increased by 72% yoy in February According to TURKSTAT, the volume of … Continue ReadingCurrent account in balance, but foreign debt payments a problem
Categories Economy Covid-19 takes its toll on public budget Editor P.A.Posted on4 May, 202021 May, 2020 The central government budget posted a TRY43.7bn deficit in March, compared to the TRY24.5bn deficit … Continue ReadingCovid-19 takes its toll on public budget
Categories Economy Markets TL weakness hardly offset by weak demand: Inflation strong Editor P.A.Posted on4 May, 202021 May, 2020 Turkey’s April Consumer Price Index (CPI) increased by 10.94% annually and 0.85% monthly which beats … Continue ReadingTL weakness hardly offset by weak demand: Inflation strong
Categories Economy Turkish CB governor defends negative real rates Editor P.A.Posted on2 May, 202021 May, 2020 Turkish central bank Governor Murat Uysal is making clear he isn’t about to bend to … Continue ReadingTurkish CB governor defends negative real rates
Categories Economy Finance ANALYSIS: A mix of factors on Turkey’s inflation beyond March; 10-11% year end likely Editor P.A.Posted on4 April, 202021 May, 2020 Turkey’s March consumer price index (CPI) increased by 11.86% annually and 0.57% monthly. On the … Continue ReadingANALYSIS: A mix of factors on Turkey’s inflation beyond March; 10-11% year end likely
Categories Economy Finance Markets Turkish currency weakens below “danger threshold” Editor P.A.Posted on4 April, 202021 May, 2020 Turkey seems to have two options left. Either Ankara will impose some type of mild … Continue ReadingTurkish currency weakens below “danger threshold”
