Categories Finance HIGHLIGHTS Treasury borrows $2.5 in 5.5 year issue amidst record bid Atilla YeşiladaPosted on20 November, 2024 The Ministry of Treasury and Finance reported that the amount of sukuk issuance with a … Continue ReadingTreasury borrows $2.5 in 5.5 year issue amidst record bid
Categories Finance HIGHLIGHTS BofA: Central Bank to cut rates in December, economist survey bets on January 2025 Atilla YeşiladaPosted on20 November, 2024 The Central Bank’s (CBRT) decision regarding the policy rate will be announced Thursday. While markets … Continue ReadingBofA: Central Bank to cut rates in December, economist survey bets on January 2025
Categories Business Finance HIGHLIGHTS Commentary: Money will flow to stocks and real estate Atilla YeşiladaPosted on17 November, 2024 Hints by the Central Bank of Turkey (CBRT) about rate cuts as early as December, … Continue ReadingCommentary: Money will flow to stocks and real estate
Categories Finance HIGHLIGHTS Turkey’s Central Bank Gross Reserves Reach $160 Billion:Yilmaz Cem CetingucPosted on12 November, 202412 November, 2024 Turkish Vice President Cevdet Yilmaz announced that the Central Bank of the Republic of Türkiye (CBRT) has raised its … Continue ReadingTurkey’s Central Bank Gross Reserves Reach $160 Billion:Yilmaz
Categories Economy Finance HIGHLIGHTS CBRT Inflation Report bolsters rate cut expectations Atilla YeşiladaPosted on9 November, 2024 CBRT made sizeable upward revisions to its inflation forecasts. The CBRT’s revised 3-year CPI inflation … Continue ReadingCBRT Inflation Report bolsters rate cut expectations
Categories Business Finance HIGHLIGHTS S&P/Frank Gill: Turkey still has a lot of work to do to climb to investment grade Atilla YeşiladaPosted on4 November, 2024 S&P upgraded Turkey’s sovereign rating a second time this year on Friday, with economy czar … Continue ReadingS&P/Frank Gill: Turkey still has a lot of work to do to climb to investment grade
Categories Company & Industry Finance HIGHLIGHTS Morgan Stanley on TURKEY: Rate cutting cycle delayed, TL to remain healthy, too early for bank stocks Atilla YeşiladaPosted on21 October, 2024 Key Takeaways We expect a rate-cutting cycle to start with 250bp in January. Keeping this … Continue ReadingMorgan Stanley on TURKEY: Rate cutting cycle delayed, TL to remain healthy, too early for bank stocks
Categories Finance HIGHLIGHTS Turkey projects $55 bn budget deficit in 2025 Atilla YeşiladaPosted on19 October, 2024 Türkiye’s Vice President Cevdet Yilmaz shared details of the 2025 budget, projecting a deficit of … Continue ReadingTurkey projects $55 bn budget deficit in 2025
Categories Finance HIGHLIGHTS ANALYSIS: CBRT keeps the door open for a December rate cut, but maintains its “data dependance” Atilla YeşiladaPosted on18 October, 2024 The CBRT kept the policy rate stable at 50%, as unanimously expected, but declined to … Continue ReadingANALYSIS: CBRT keeps the door open for a December rate cut, but maintains its “data dependance”
Categories Finance HIGHLIGHTS Deutsche Bank: Miserable September inflation metrics postpone rate cut hopes Atilla YeşiladaPosted on8 October, 2024 Last week, September consumer inflation rose to 3.0% MoM (vs August inflation at 2.5%MoM), surpassing … Continue ReadingDeutsche Bank: Miserable September inflation metrics postpone rate cut hopes
Categories Finance HIGHLIGHTS Markets ANALYSIS: Investment banks react to higher-than expected September inflation and reconsider rate cut dates Atilla YeşiladaPosted on4 October, 2024 BBVA Garanti, Barclay’s and UBS were among many domestic and global investment banks which were … Continue ReadingANALYSIS: Investment banks react to higher-than expected September inflation and reconsider rate cut dates
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 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 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 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 Finance HIGHLIGHTS Turkish Wealth Fund planning debut Islamic bond sale Güldem AtabayPosted on13 September, 2024 Turkey’s Sovereign Wealth Fund (TWF) is reportedly exploring the possibility of launching its first sukuk … Continue ReadingTurkish Wealth Fund planning debut Islamic bond sale
Categories Finance HIGHLIGHTS AllianceBernstein: Turkish Debt and Lira Face Bumpy Road Güldem AtabayPosted on5 September, 20245 September, 2024 Christian DiClementi, director of emerging-market debt at AllianceBernstein Holding LP, predicts that Turkish lira bonds … Continue ReadingAllianceBernstein: Turkish Debt and Lira Face Bumpy Road
