Categories General HIGHLIGHTS Erdogan says “I’m sorry” Atilla YeşiladaPosted on4 January, 2022 COVER Chart: December 2021 annualized CPI and core CPI Turkey’s annual inflation rate surged … Continue ReadingErdogan says “I’m sorry”
Categories Economy HIGHLIGHTS CPI soars past 36 per cent Atilla YeşiladaPosted on3 January, 2022 CPI inflation significantly exceeded median expectation and rises to 36.1% TurkStat revealed December CPI inflation … Continue ReadingCPI soars past 36 per cent
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 Business General HIGHLIGHTS Turks greet New Year with double-digit price hikes Atilla YeşiladaPosted on1 January, 2022 Turkey sharply raised electricity prices by 50-100% for households and companies on Saturday, and again … Continue ReadingTurks greet New Year with double-digit price hikes
Categories Economy General HIGHLIGHTS Turkish economy 2022 outlook: What is the playbook for inflation? Cem CetingucPosted on29 December, 202130 December, 2021 2021 was a year with rising inflation and an economic slowdown. If the recovery in … Continue ReadingTurkish economy 2022 outlook: What is the playbook for inflation?
Categories Economy HIGHLIGHTS Dr Murat Kubilay: Economic repercussions of Erdogan’s ever-changing economic models Atilla YeşiladaPosted on28 December, 2021 Following the resignation of the finance minister and his replacement by a loyalist on Dec. … Continue ReadingDr Murat Kubilay: Economic repercussions of Erdogan’s ever-changing economic models
Categories General HIGHLIGHTS Politics President Erdoğan: “Sooner or later inflation will fall” Cem CetingucPosted on20 December, 202120 December, 2021 President Recep Tayyip Erdoğan vowed on Dec. 19 to rein in inflation and reinstated his … Continue ReadingPresident Erdoğan: “Sooner or later inflation will fall”
Categories Business General HYPED Erdogan promises draconian hikes to pensions Atilla YeşiladaPosted on20 December, 2021 Some 13.5 million retirees in Turkey will receive at least 40 percent raise to their … Continue ReadingErdogan promises draconian hikes to pensions
Categories Finance Markets BarCap expects the policy rate to be cut by 300bp to 12% over the next two CB meetings Atilla YeşiladaPosted on7 December, 2021 Inflation to peak at over 30%: Marking to marked the most recent move in TRY, … Continue ReadingBarCap expects the policy rate to be cut by 300bp to 12% over the next two CB meetings
Categories Economy HIGHLIGHTS Macro Focus: Upside risks persist as inflation figures approach to record levels Cem CetingucPosted on4 December, 20214 December, 2021 Turkey’s CPI increased by 3.51% MoM in November driving YoY CPI from 19.89% to 21.31%. Accordingly, … Continue ReadingMacro Focus: Upside risks persist as inflation figures approach to record levels
Categories General HYPED AKP adding insult to injury by mocking poverty Atilla YeşiladaPosted on27 November, 2021 The Economist interviewed Turkish citizens se suffering from deepening poverty, as well as quoting the … Continue ReadingAKP adding insult to injury by mocking poverty
Categories General HYPED Gravitas: Turkish Lira sinks, investors lose confidence | How has Erdogan’s experiment backfired? Atilla YeşiladaPosted on27 November, 2021 Apple has halted all sales in Turkey as the Lira continues to sink further. … Continue ReadingGravitas: Turkish Lira sinks, investors lose confidence | How has Erdogan’s experiment backfired?
Categories Economy HIGHLIGHTS TUSIAD Chief Economist: Really, a new model as the Turkish lira keeps spiraling? Atilla YeşiladaPosted on27 November, 2021 Turkey is going through a period where the lira has lost approximately 30% of its … Continue ReadingTUSIAD Chief Economist: Really, a new model as the Turkish lira keeps spiraling?
Categories Economy HIGHLIGHTS Erdogan’s mad economic experiment to deliver result in “4-5” months Atilla YeşiladaPosted on26 November, 2021 Despite the ongoing TL collapse, President Erdogan refused to swerve from a mad economic experiment, … Continue ReadingErdogan’s mad economic experiment to deliver result in “4-5” months
Categories Economy HYPED Turkish 3Q GDP expected to expand rapidly, but… Atilla YeşiladaPosted on25 November, 2021 Turkey’s economy is expected to have expanded 7.5% in the third quarter of the year … Continue ReadingTurkish 3Q GDP expected to expand rapidly, but…
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 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 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 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 Fitch praises Turkey’s resilience Atilla YeşiladaPosted on6 November, 2021 The Turkish economy has been successful in showing resilience against various shocks to continue expanding, … Continue ReadingFitch praises Turkey’s resilience
