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
Categories Finance HIGHLIGHTS Türkiye: Banking Sector Outlook, 2Q 2024 Cem CetingucPosted on2 September, 2024 The slowdown in credit growth started to become more pronounced towards the end of 2Q24 … Continue ReadingTürkiye: Banking Sector Outlook, 2Q 2024
Categories Finance HIGHLIGHTS Another step from the CBRT to support TL Güldem AtabayPosted on29 August, 2024 To support the monetary transmission mechanism, the Central Bank of the Republic of Türkiye introduces … Continue ReadingAnother step from the CBRT to support TL
Categories Economy Finance HIGHLIGHTS According to the Central Bank, there are two main reasons for the increase in foreign currency accounts Güldem AtabayPosted on22 August, 2024 According to the analysis published on the Central Bank’s blog page, the increase in FX … Continue ReadingAccording to the Central Bank, there are two main reasons for the increase in foreign currency accounts
Categories Finance HYPED Weekly banking data: CB reserves decline, FX deposits increase, foreign investors sell TL assets Atilla YeşiladaPosted on18 August, 2024 In the week of August 9, the USD4.6 billion decrease in the CBRT’s net FX … Continue ReadingWeekly banking data: CB reserves decline, FX deposits increase, foreign investors sell TL assets
Categories Finance HIGHLIGHTS Markets Commentary: Economic slow-down is undermining the stock market Atilla YeşiladaPosted on12 August, 2024 The great volatility experienced in the first two days of the past week gave way … Continue ReadingCommentary: Economic slow-down is undermining the stock market
Categories Atilla Yeşilada Emerging Markets Finance HIGHLIGHTS Real Turkey SPECIAL video: Is the world hurtling towards a financial crisis? Atilla YeşiladaPosted on7 August, 20248 August, 2024 Financial markets experienced two panic attacks in the course of a fortnight, which seemed … Continue ReadingReal Turkey SPECIAL video: Is the world hurtling towards a financial crisis?
