Categories Economy HIGHLIGHTS JP Morgan: Slower growth but high inflation in 2022–Turkey Atilla YeşiladaPosted on25 November, 2021 Growth momentum remains strong and the risks to our 2021 growth forecast of 8.4% are … Continue ReadingJP Morgan: Slower growth but high inflation in 2022–Turkey
Categories Economy General HIGHLIGHTS Politics Turkish lira rebounds from record low: State banks run to the rescue while hopes for UAE money rise Güldem AtabayPosted on24 November, 2021 Turkey’s lira recovered as much as 7% on Wednesday from a historic slide to record … Continue ReadingTurkish lira rebounds from record low: State banks run to the rescue while hopes for UAE money rise
Categories General HIGHLIGHTS Duvar: Multiple detained in protests calling on Erdoğan gov’t to resign Atilla YeşiladaPosted on24 November, 2021 Several citizens have been detained across Istanbul for holding demonstrations in protest of Erdoğan’s government … Continue ReadingDuvar: Multiple detained in protests calling on Erdoğan gov’t to resign
Categories Economy HIGHLIGHTS Politics IDEA report labels Turkey as a ‘hybrid regime’ Güldem AtabayPosted on24 November, 2021 Turkey has turned from a backsliding democracy to a hybrid regime, according to the 2021 report of … Continue ReadingIDEA report labels Turkey as a ‘hybrid regime’
Categories Economy HIGHLIGHTS Politics Opposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day Güldem AtabayPosted on24 November, 2021 Speaking at his party’s parliamentary group meeting, main opposition Republican People’s Party (CHP) Chair … Continue ReadingOpposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day
Categories General HIGHLIGHTS What is the world saying about Turkey’s currency blow-up? Atilla YeşiladaPosted on24 November, 2021 Fortune: Turkey’s currency plummeted after Erdogan defied critics and doubled down on his mania for … Continue ReadingWhat is the world saying about Turkey’s currency blow-up?
Categories Economy Finance HIGHLIGHTS Understanding Turkey’s Phenomenal Currency Collapse | Real Turkey Atilla YeşiladaPosted on24 November, 2021 Understanding Turkey’s Phenomenal Currency Collapse Turkish Lira lost more than 40% of … Continue ReadingUnderstanding Turkey’s Phenomenal Currency Collapse | Real Turkey
Categories Economy General HIGHLIGHTS Markets Politics Central bank announcement aids little to TL Güldem AtabayPosted on23 November, 202123 November, 2021 Turkish President Erdogan met with central bank Governor Kavcioglu in the afternoon of the worst … Continue ReadingCentral bank announcement aids little to TL
Categories General HIGHLIGHTS Turkish Lira hits record lows after Erdogan’s rate cut speech Cem CetingucPosted on23 November, 202123 November, 2021 The Turkish lira has hit a record low of 12.79 against the US dollar after … Continue ReadingTurkish Lira hits record lows after Erdogan’s rate cut speech
Categories Economy HIGHLIGHTS Politics Former ECHR judge: Turkey not releasing Kavala, Demirtaş may trigger expulsion Güldem AtabayPosted on22 November, 2021 The continued imprisonment of Turkish philanthropist Osman Kavala and Kurdish politician Selahattin Demirtaş may result … Continue ReadingFormer ECHR judge: Turkey not releasing Kavala, Demirtaş may trigger expulsion
Categories Economy HIGHLIGHTS Turkey shows emerging markets how not to manage a currency – ex-IMF official Güldem AtabayPosted on22 November, 2021 Turkey is demonstrating to other emerging markets how not to manage a currency, said Desmond … Continue ReadingTurkey shows emerging markets how not to manage a currency – ex-IMF official
Categories Economy HIGHLIGHTS TL weakness pulls down Tukey’s Consumer Confidence Index to all time low Güldem AtabayPosted on22 November, 2021 Seasonally-adjusted consumer confidence index (CCI) in Turkey worsened to 71.1 in November from 76.8 the … Continue ReadingTL weakness pulls down Tukey’s Consumer Confidence Index to all time low
Categories Economy Finance HIGHLIGHTS Excessive rate cuts open Pandora’s Box Atilla YeşiladaPosted on22 November, 2021 After Turkey’s central bank cut rates by another 100bps last Thursday, the lira plummeted to … Continue ReadingExcessive rate cuts open Pandora’s Box
Categories HIGHLIGHTS Politics Murat Yetkin: Understanding Erdogan’s motives Atilla YeşiladaPosted on21 November, 2021 President Recep Tayyip Erdoğan reiterated his life-long stance against (high) interest rates on Nov. 17. … Continue ReadingMurat Yetkin: Understanding Erdogan’s motives
Categories HIGHLIGHTS Politics Reuters: Voters are last brake on Turkey’s lunatic Express Atilla YeşiladaPosted on20 November, 2021 LONDON, Nov 19 (Reuters Breakingviews) – The global struggle against rising prices has nothing on … Continue ReadingReuters: Voters are last brake on Turkey’s lunatic Express
Categories Emerging Markets HIGHLIGHTS Markets ING: CEEMEA FX Outlook 2022: Treating inflation with respect (TL outlook included) Atilla YeşiladaPosted on20 November, 2021 Currencies from Central and Eastern Europe, the Middle East and Africa will struggle in the … Continue ReadingING: CEEMEA FX Outlook 2022: Treating inflation with respect (TL outlook included)
Categories General HIGHLIGHTS Politics CHP, İYİ Party call for early elections Atilla YeşiladaPosted on19 November, 2021 Main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu and İYİ (Good) Party chair Meral … Continue ReadingCHP, İYİ Party call for early elections
Categories HIGHLIGHTS Politics Turkey Heading for Early Elections | Real Turkey Atilla YeşiladaPosted on18 November, 2021 Turkey Heading for Early Elections On Tuesday, Turkey’s opposition alliance of CHP-IYIP called … Continue ReadingTurkey Heading for Early Elections | Real Turkey
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