Categories Economy HIGHLIGHTS JP Morgan: Turkey hit by unorthodox policies Atilla YeşiladaPosted on9 April, 2022 Annual inflation has reached 61%, reflecting the seriousness of the problems in the economy … Continue ReadingJP Morgan: Turkey hit by unorthodox policies
Categories Economy HIGHLIGHTS JP Morgan: Turkey-sitting and watching inflation spiral up Atilla YeşiladaPosted on5 April, 2022 March CPI data provided fresh evidence on the sharp strengthening in price pressures that follow … Continue ReadingJP Morgan: Turkey-sitting and watching inflation spiral up
Categories Company & Industry General HIGHLIGHTS JP Morgan: Turkish Banks Cem CetingucPosted on30 November, 2021 We upgrade select subs of Turkish large banks from N to OW. For this upgrade … Continue ReadingJP Morgan: Turkish Banks
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 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 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 HIGHLIGHTS JP Morgan Turkey: Strong fiscal performance goes unnoticed Atilla YeşiladaPosted on2 August, 20212 August, 2021 A progressive structural reform program, a prudent monetary policy framework and an ambitious fiscal consolidation … Continue ReadingJP Morgan Turkey: Strong fiscal performance goes unnoticed
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
Categories Economy Finance HIGHLIGHTS JP Morgan rate call: Explicit reference to tighter policies needed to restore credibility Atilla YeşiladaPosted on20 July, 202020 July, 2020 In line with the Bloomberg consensus, we expect the CBRT to keep its key policy … Continue ReadingJP Morgan rate call: Explicit reference to tighter policies needed to restore credibility
