Categories Business Finance HIGHLIGHTS Turkish Automobiles: Still appealing in a world of uncertainties Cem CetingucPosted on13 January, 2022 Seeking supply/demand equilibrium. Our 2022 outlook for the Turkish auto industry is for slight to … Continue ReadingTurkish Automobiles: Still appealing in a world of uncertainties
Categories Economy Finance HIGHLIGHTS Y.F. Macro Focus: CA gave deficit again after 3-month long surpluses Cem CetingucPosted on13 January, 2022 In November , the CA posted a monthly deficit of USD2.7bn (Consensus: USD -2.2bn, YF: … Continue ReadingY.F. Macro Focus: CA gave deficit again after 3-month long surpluses
Categories Atilla Yeşilada Finance HIGHLIGHTS Markets TURKEY: Next Stop Is Currency Controls Atilla YeşiladaPosted on12 January, 2022 Erdogan’s heterodox (unusual) economic policies pushed Turkey into the abyss. “Official” inflation … Continue ReadingTURKEY: Next Stop Is Currency Controls
Categories Finance HIGHLIGHTS Tim Ash: Turkey – roll-over risk, should we be worried? Atilla YeşiladaPosted on10 January, 2022 There is always focus on Turkey’s large gross external financing needs – the current account … Continue ReadingTim Ash: Turkey – roll-over risk, should we be worried?
Categories Finance HIGHLIGHTS Markets Turkey: Central Bank sells over 7 bn dollars in a month Atilla YeşiladaPosted on8 January, 2022 The Central Bank of Turkey sold 7.28 billion dollars in December to inject liquidity into … Continue ReadingTurkey: Central Bank sells over 7 bn dollars in a month
Categories Business Finance HIGHLIGHTS BIST Foreign Transactions Report Cem CetingucPosted on7 January, 2022 BIST released December foreign transaction figures, accordingly, a net outflow of USD1.03bn was recorded. The … Continue ReadingBIST Foreign Transactions Report
Categories Business Finance HIGHLIGHTS Erdogan’s Heterodox Economic Measures attract little interest Atilla YeşiladaPosted on7 January, 2022 Turkey’s scheme to protect lira deposits from depreciation has attracted more than 90 billion lira … Continue ReadingErdogan’s Heterodox Economic Measures attract little interest
Categories Finance General HIGHLIGHTS Turkish Lira on the ropes, againnnnnnnn Atilla YeşiladaPosted on6 January, 2022 The rebound of Turkish Lira (TL) vs the American dollar (USD) proved “transitory”, despite allegations … Continue ReadingTurkish Lira on the ropes, againnnnnnnn
Categories Finance HYPED Turkey considering inflation-indexed TL bonds Atilla YeşiladaPosted on3 January, 2022 Turkey is considering a range of new financial products that would offer guarantees against inflation … Continue ReadingTurkey considering inflation-indexed TL bonds
Categories Finance HIGHLIGHTS Central Bank of Turkey chasing pipe dreams Atilla YeşiladaPosted on31 December, 2021 Turkey’s central bank will monitor risks related to the foreign exchange market and do what … Continue ReadingCentral Bank of Turkey chasing pipe dreams
Categories Business Economy Finance HIGHLIGHTS Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on28 December, 2021 SA CUR increased by 0.8pps 78.4% in December. In Q4, SA manufacturing CUR increased by … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Finance HYPED Markets TL recovery fleeting Atilla YeşiladaPosted on27 December, 2021 The lira tumbled almost 8% against the dollar on Monday amid persisting investor concern over … Continue ReadingTL recovery fleeting
Categories Finance General HIGHLIGHTS Tim Ash: Turkey Q&A Atilla YeşiladaPosted on27 December, 2021 Question? What’s your general take on the Turkish macro/policy story Answer: I am probably … Continue ReadingTim Ash: Turkey Q&A
Categories Finance HIGHLIGHTS Markets Erdogan claims success against “currency bubble”, is he right? Atilla YeşiladaPosted on26 December, 2021 Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the … Continue ReadingErdogan claims success against “currency bubble”, is he right?
Categories Finance HYPED Markets Natasha Turak: Turkish lira whipsaws from historic low after Erdogan announces rescue plan Atilla YeşiladaPosted on23 December, 2021 Dollar/TL pair is trading at 11.38-40 at 5 pm Turkey Time. Despite the lira’s wild … Continue ReadingNatasha Turak: Turkish lira whipsaws from historic low after Erdogan announces rescue plan
Categories Economy Finance HIGHLIGHTS Macro Snapshot: Consumer Confidence Index Cem CetingucPosted on22 December, 2021 In December, CCI decreased by 3.1% MoM to 68.9 (November: 71.1) which was the lowest … Continue ReadingMacro Snapshot: Consumer Confidence Index
Categories Finance HIGHLIGHTS Markets FORTUNE: Turkey’s lira leaps by more than 40% in a day after Erdogan unveils new plan to lure Turks away from dollars Atilla YeşiladaPosted on22 December, 2021 The Turkish lira’s wild ride continued with a leap of as much as 43% against … Continue ReadingFORTUNE: Turkey’s lira leaps by more than 40% in a day after Erdogan unveils new plan to lure Turks away from dollars
Categories Business Economy Finance HIGHLIGHTS BREAKING: As lira swings, some foreign banks review or scale back Turkey exposure – sources Atilla YeşiladaPosted on21 December, 202121 December, 2021 Reuters just published the following new item on Turkey, which we replicate here in summary … Continue ReadingBREAKING: As lira swings, some foreign banks review or scale back Turkey exposure – sources
Categories Finance General HIGHLIGHTS Tim Ash assesses Erdogan’s new-new Economic Model Atilla YeşiladaPosted on21 December, 2021 Utterly insane. 12.30 – 18.30 lira trading range for the day. First, good news … Continue ReadingTim Ash assesses Erdogan’s new-new Economic Model
Categories Finance HIGHLIGHTS Markets How do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease) Atilla YeşiladaPosted on21 December, 2021 According to AP, Turkish President Recep Tayyip Erdogan on Monday announced a series of measures … Continue ReadingHow do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease)