Categories Emerging Markets Finance HIGHLIGHTS Amidst wild gyrations, TL drops into a black hole—expert comments Atilla YeşiladaPosted on18 November, 2021 Turkey’s lira plunged 6% on Thursday, breaching 11 to the dollar for the first time … Continue ReadingAmidst wild gyrations, TL drops into a black hole—expert comments
Categories Economy Finance HIGHLIGHTS Morgan Stanley bets on more rate cuts, weaker TL Atilla YeşiladaPosted on18 November, 2021 We see a 100bp cut to 15.00% by the CBT this week, although a larger … Continue ReadingMorgan Stanley bets on more rate cuts, weaker TL
Categories HIGHLIGHTS Politics Erdoğan says Turkey will be dragged into chaos if he loses elections Atilla YeşiladaPosted on18 November, 2021 If the opposition wins the next election, Turkey will be dragged into chaos, President and … Continue ReadingErdoğan says Turkey will be dragged into chaos if he loses elections
Categories Economy Finance HIGHLIGHTS ANALYSIS: Cutting interest rates further would be too risky Atilla YeşiladaPosted on17 November, 2021 Turkey’s central bank is widely anticipated to trim interest rates further on November 18 despite … Continue ReadingANALYSIS: Cutting interest rates further would be too risky
Categories Economy HIGHLIGHTS Turkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira Güldem AtabayPosted on17 November, 2021 Turkey’s state energy company BOTAS is expected to turn to the central bank to help … Continue ReadingTurkish state energy firm BOTAS to tap more cenbank forex in relief plan for lira
Categories Economy HIGHLIGHTS Erdogan calls for lower rates again ahead of the central bank decision meeting Güldem AtabayPosted on17 November, 2021 Speaking at the AKP’s Group Meeting, President Erdogan said he would continue fighting for lower … Continue ReadingErdogan calls for lower rates again ahead of the central bank decision meeting
Categories General HIGHLIGHTS AP: ‘We don’t deserve this’: Inflation hits Turkish people hard Atilla YeşiladaPosted on17 November, 2021 Market-stand owner Kadriye Dogru makes do with stale, sesame-covered bagels, known as simit, for lunch … Continue ReadingAP: ‘We don’t deserve this’: Inflation hits Turkish people hard
Categories Finance HIGHLIGHTS Markets No end in sight for beleaguered Turkish Lira Atilla YeşiladaPosted on16 November, 2021 Turkey’s sickly currency TL, started the day (Tuesday) at 10.07-08 vs the USD, as rate … Continue ReadingNo end in sight for beleaguered Turkish Lira
Categories Economy HIGHLIGHTS Macro Focus: In 10M21, only 1/3 of the budget deficit target completed Cem CetingucPosted on15 November, 2021 In October, budget gave a deficit of TRY17.4bn (Oct.20: TRY-4.9bn, Sep.21: TRY-23.6bn). Despite, there was no … Continue ReadingMacro Focus: In 10M21, only 1/3 of the budget deficit target completed
Categories Economy Emerging Markets HIGHLIGHTS Turkey the black sheep among tightening EM Central Banks Atilla YeşiladaPosted on15 November, 2021 The inflation debate has heated up of late, with increasing concern that the so-called transitory … Continue ReadingTurkey the black sheep among tightening EM Central Banks
Categories Economy HIGHLIGHTS Politics Turkey’s Conundrum: How robust growth and poverty go hand in hand? Atilla YeşiladaPosted on12 November, 2021 Turkey’s Conundrum: How robust growth and poverty go hand in hand? Welcome to … Continue ReadingTurkey’s Conundrum: How robust growth and poverty go hand in hand?
Categories General HIGHLIGHTS Study traces roots of Japanese, Korean and Turkish back to farmers in China 9000 years ago Cem CetingucPosted on12 November, 202112 November, 2021 A study combining linguistic, genetic and archaeological evidence has traced the origins of the family … Continue ReadingStudy traces roots of Japanese, Korean and Turkish back to farmers in China 9000 years ago
Categories Economy HIGHLIGHTS Turkey selling more abroad but at a cheaper price Güldem AtabayPosted on10 November, 202110 November, 2021 Turkey’s September export unit value index increase was limited with 11.8% where as its export … Continue ReadingTurkey selling more abroad but at a cheaper price
Categories Economy HIGHLIGHTS Markets Turkey’s construction cost inflation up 39.5 percent Güldem AtabayPosted on10 November, 2021 In September 2021, construction cost index (CCI) increased by 0.25% compared with previous month and … Continue ReadingTurkey’s construction cost inflation up 39.5 percent
Categories Economy HIGHLIGHTS Turkey’s unemployment eases in September but the figures might be misleading Güldem AtabayPosted on10 November, 2021 Turkey’s seasonally adjusted unemployment rate dropped to 11.5% as of September as per the official … Continue ReadingTurkey’s unemployment eases in September but the figures might be misleading
Categories HIGHLIGHTS Politics Early-early election talk in Ankara Atilla YeşiladaPosted on10 November, 2021 Turkey’s economy has been stumbling lately, with inflation running high – in the double digits … Continue ReadingEarly-early election talk in Ankara
Categories General HIGHLIGHTS Tech COP26: Middle East faces huge challenge in the climate battle Atilla YeşiladaPosted on9 November, 2021 For many countries in the Middle East, the COP26 summit in Glasgow throws into stark … Continue ReadingCOP26: Middle East faces huge challenge in the climate battle
Categories Business Emerging Markets General HIGHLIGHTS Robert M Cutler: A Geopolitical Reshuffle in the South Caucasus Atilla YeşiladaPosted on9 November, 2021 One of its most important points in the trilateral statement signed by Armenia’s prime minister … Continue ReadingRobert M Cutler: A Geopolitical Reshuffle in the South Caucasus
Categories General HIGHLIGHTS Turkey take major steps becoming independent in defense industry Cem CetingucPosted on8 November, 2021 Turkey’s defense industry has initiated pivotal projects in recent years under the leadership of the … Continue ReadingTurkey take major steps becoming independent in defense industry
Categories Economy HIGHLIGHTS Bloomberg: Erdogan’s War on Interest Rates Is Making Turkey’s Rich Richer Güldem AtabayPosted on8 November, 2021 In a Bloomberg analysis written by Asli Kandemir and Cagan Koc, the focus is put … Continue ReadingBloomberg: Erdogan’s War on Interest Rates Is Making Turkey’s Rich Richer