Categories Economy HIGHLIGHTS Politics Erdoğan: Low interest rate policy ‘all the way’ Cem CetingucPosted on1 December, 2021 President Recep Tayyip Erdoğan on Wednesday said there was “no turning back” from the new … Continue ReadingErdoğan: Low interest rate policy ‘all the way’
Categories Economy HIGHLIGHTS The price of Turkish Lira’s collapse gets heavy Cem CetingucPosted on25 November, 202125 November, 2021 Istanbul’s sky is as gloomy as the mood in the households and on the streets … Continue ReadingThe price of Turkish Lira’s collapse gets heavy
Categories General Macro Focus | CBRT: Expected cut with delayed announcement Cem CetingucPosted on22 November, 2021 CBRT cut the policy rate by 100bps to 15%, as expected. The announcement was made with … Continue ReadingMacro Focus | CBRT: Expected cut with delayed announcement
Categories Economy General Deutsche Bank predicts Turkey will cut rates to 14% by year-end Cem CetingucPosted on12 November, 2021 Deutsche Bank said it now expected Turkey’s central bank (CBT) to reduce interest rates faster … Continue ReadingDeutsche Bank predicts Turkey will cut rates to 14% by year-end
Categories Economy General Rate cuts possess a risk to Turkey’s GDP growth Cem CetingucPosted on5 November, 20215 November, 2021 Turkey’s economy will grow by 9% this year, buoyed by a revival in exports and … Continue ReadingRate cuts possess a risk to Turkey’s GDP growth
Categories Economy General JPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October Cem CetingucPosted on4 November, 20214 November, 2021 After months of upside surprises, inflation finally surprised to the down side in October. Despite … Continue ReadingJPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October
Categories Company & Industry Economy JP Morgan: CBRT speeds up monetary easing despite tricky fundamentals Cem CetingucPosted on24 October, 2021 The CBRT managed to surprise the markets yet again and cut its policy by 200bp … Continue ReadingJP Morgan: CBRT speeds up monetary easing despite tricky fundamentals
Categories Economy Turkish inflation accelerates at a rate never seen in two and a half years Cem CetingucPosted on5 October, 20215 October, 2021 Turkish inflation accelerated to its fastest rate in two-and-a-half years in September as President Recep … Continue ReadingTurkish inflation accelerates at a rate never seen in two and a half years
Categories Economy General Economic absurdity of Erdogan Cem CetingucPosted on29 September, 2021 Turkish President Recep Erdogan’s pride in his country’s recent interest rate cut calls to mind the apocryphal story … Continue ReadingEconomic absurdity of Erdogan
Categories Economy General CBRT governor remarks… Cem CetingucPosted on29 September, 2021 The governor of the Turkish central bank on Tuesday said he expects pricing behavior to … Continue ReadingCBRT governor remarks…
Categories Company & Industry Finance Fitch Ratings: Turkish banks have enough FC liquidity Cem CetingucPosted on27 September, 2021 Turkey’s seven largest banks have sufficient short-term foreign currency (FC) liquidity to service FC debt during the … Continue ReadingFitch Ratings: Turkish banks have enough FC liquidity
Categories Economy CBRT’s latest rate cut increases risks on inflation Cem CetingucPosted on24 September, 2021 In a rather surprising move, the CBRT cut its 1-week repo rate 100bp to 18.00%. … Continue ReadingCBRT’s latest rate cut increases risks on inflation
Categories Economy Erdogan’s vaning patience for high interest rates Cem CetingucPosted on21 September, 2021 Turkey’s central bank has begun setting the stage for an interest rate cut long sought … Continue ReadingErdogan’s vaning patience for high interest rates
Categories Economy HIGHLIGHTS Turkey: Headline CPI surprises to the upside; core remains more benign Cem CetingucPosted on7 September, 2021 For the second time in a row, headline surprised to the upside and core surprised … Continue ReadingTurkey: Headline CPI surprises to the upside; core remains more benign
Categories Economy General Macro Snapshot: CBRT Survey of Market Participants Cem CetingucPosted on6 August, 2021 MoM expectations were over the historical averages until October (2003-2019 Median – Aug.: +0.4% Sep.: … Continue ReadingMacro Snapshot: CBRT Survey of Market Participants
Categories Company & Industry Economy An Overview of the Turkish Economy in 2021 Cem CetingucPosted on13 July, 2021 Volkan Korkmazer The CBRT inflation target for the end of 2021 is approximately 12% and … Continue ReadingAn Overview of the Turkish Economy in 2021
Categories Business Economy General CBRT and China expand swap agreement Cem CetingucPosted on16 June, 2021 The Turkish Central Bank (CBRT) and People’s Bank of China (PBOC) expanded their swap agreement, which was signed in May 2019, … Continue ReadingCBRT and China expand swap agreement
Categories General Macro Snapshot: CBRT’s Expectations Survey Cem CetingucPosted on6 May, 2021 Policy rate would be kept stable in May but could be decreased by 75bps in … Continue ReadingMacro Snapshot: CBRT’s Expectations Survey
Categories Economy HIGHLIGHTS Import prices rise drastically in Turkey amid pandemic Cem CetingucPosted on20 April, 2021 Hayriye Ustun strolled around her neighborhood marketplace looking for the best prices as she suffered … Continue ReadingImport prices rise drastically in Turkey amid pandemic
Categories Economy HIGHLIGHTS CBRT remains on hold but sounds more dovish than before Cem CetingucPosted on16 April, 2021 As widely expected, the CBRT kept its policy rate unchanged at 19.0%. Again as expected, … Continue ReadingCBRT remains on hold but sounds more dovish than before
