Categories Finance Central Bank increases swap borrowing, FX reserves drop further Atilla YeşiladaPosted on29 May, 202030 May, 2020 Cover chart: FX deposits in banks vs dollar/TL According to latest data, the FX reserves … Continue ReadingCentral Bank increases swap borrowing, FX reserves drop further
Categories Emerging Markets Finance A warning for Turkey: EM’s hidden debt risk Atilla YeşiladaPosted on23 May, 202023 May, 2020 This article penned by MITALI DAS, ŞEBNEM KALEMLI-ÖZCAN, DAMIEN PUY and LILIANA VARELA and published … Continue ReadingA warning for Turkey: EM’s hidden debt risk
Categories Economy Emerging Markets Finance Markets Surprise: the rate cut comes just as the amount expected Editor P.A.Posted on21 May, 202023 May, 2020 For the straight ninth time in a row the central bank of Turkey (CBT) cut … Continue ReadingSurprise: the rate cut comes just as the amount expected
Categories Emerging Markets Finance Markets Ash: Qatari support ‘will not have major impact on Turkish lira’ Editor P.A.Posted on21 May, 202021 May, 2020 Turkey tripled its currency swap agreement with Qatar to $15 billion on the basis of … Continue ReadingAsh: Qatari support ‘will not have major impact on Turkish lira’
Categories Economy Finance Fitch affirms 6 Large Turkish banks at ‘B+’; downgrades Halk to ‘B’ Editor P.A.Posted on21 May, 202029 May, 2020 Fitch Ratings has taken multiple rating actions on seven Turkish banks. It has revised the … Continue ReadingFitch affirms 6 Large Turkish banks at ‘B+’; downgrades Halk to ‘B’
Categories Finance ING: More rate cuts to come in Turkey Editor P.A.Posted on20 May, 202021 May, 2020 There is little doubt that Central Bank of Turkey will once again cut rates in … Continue ReadingING: More rate cuts to come in Turkey
Categories Economy Emerging Markets Finance Politics Albayrak: Turkey to prioritize localizing its economy amid pandemic Editor P.A.Posted on20 May, 202021 May, 2020 Turkey is set to enter a new period in which domestic production will be prioritized, … Continue ReadingAlbayrak: Turkey to prioritize localizing its economy amid pandemic
Categories Economy Emerging Markets Finance Markets Politics Bloomberg: Emboldened by a stronger lira, Turkey is set to cut rates again Editor P.A.Posted on20 May, 202021 May, 2020 Little stands in the way of the Turkish central bank’s ninth straight interest-rate cut after … Continue ReadingBloomberg: Emboldened by a stronger lira, Turkey is set to cut rates again
Categories Economy Emerging Markets Finance Markets Turkey exempts Euroclear, Clearstream from lira limitations Editor P.A.Posted on20 May, 202021 May, 2020 Turkey’s banking regulator said on Wednesday it would exempt Euroclear Bank and Clearstream Banking from … Continue ReadingTurkey exempts Euroclear, Clearstream from lira limitations
Categories Economy Emerging Markets Finance Markets Politics Swap deal “secured with BoJ and BoE” denied; talks continue Editor P.A.Posted on20 May, 202021 May, 2020 Turkish lira rallied on Habertürk news on Turesday that Turkey was very close to securing … Continue ReadingSwap deal “secured with BoJ and BoE” denied; talks continue
Categories Economy Emerging Markets Finance Markets Turkey: out in the cold Editor P.A.Posted on18 May, 202021 May, 2020 The broadest-ever effort to pump dollars into the global economy has bypassed some major emerging … Continue ReadingTurkey: out in the cold
Categories Finance Is Turkey moving to capital controls: Settlement banks suspend TL transactions Editor P.A.Posted on16 May, 202021 May, 2020 Turkey’s Finance Minister Mr. Berat Albayrak is vociferously against capital controls of any kind, and … Continue ReadingIs Turkey moving to capital controls: Settlement banks suspend TL transactions
Categories Finance Central Bank to cut rates, bearish trend in currency to prevail Editor P.A.Posted on16 May, 202021 May, 2020 In its May meeting, Central Bank of Turkey (CBRT) is expected to cut its policy … Continue ReadingCentral Bank to cut rates, bearish trend in currency to prevail
Categories Finance Markets The Economist: Turkey’s defence of the lira has been unwise and ineffective Editor P.A.Posted on16 May, 202021 May, 2020 On a conference call on May 6th Turkey’s finance minister, Berat Albayrak, was solicitous and … Continue ReadingThe Economist: Turkey’s defence of the lira has been unwise and ineffective
Categories Finance Fitch: Turkey under pressure, but no imminent crisis Editor P.A.Posted on16 May, 202021 May, 2020 Turkey’s relatively low debt levels and experience at riding out financial market turbulence is helping … Continue ReadingFitch: Turkey under pressure, but no imminent crisis
Categories Economy Emerging Markets Finance Markets Turkey’s March current account: Pressures on lira not likely to ease Editor P.A.Posted on13 May, 202021 May, 2020 Turkey posted USD4.9bn current account deficit in March 2020 that stands at the upper end … Continue ReadingTurkey’s March current account: Pressures on lira not likely to ease
Categories Economy Finance Markets Turkish Wealth Fund to inject USD3 bn capital to state banks Editor P.A.Posted on11 May, 202021 May, 2020 Turkey’s sovereign wealth fund said on Monday that it launched works on increasing three state … Continue ReadingTurkish Wealth Fund to inject USD3 bn capital to state banks
Categories Emerging Markets Finance Emerging Markets burning through reserves, BofA Editor P.A.Posted on11 May, 202021 May, 2020 Leading emerging countries have burned through $240 billion in foreign exchange reserves over the past … Continue ReadingEmerging Markets burning through reserves, BofA
Categories Company & Industry Economy Finance Markets Swap ban on three banks lifted; lira under focus still Editor P.A.Posted on11 May, 202021 May, 2020 Turkey reversed its recently placed ban on BNP Paribas SA, Citigroup Inc. and UBS Group … Continue ReadingSwap ban on three banks lifted; lira under focus still
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
