Categories Economy Finance BofA ML Türkiye Focus: 1Q pessimism is likely temporary Atilla YeşiladaPosted on13 March, 2024 The effect of wage increases, acceleration in loans and speculative FX demand was felt clearly … Continue ReadingBofA ML Türkiye Focus: 1Q pessimism is likely temporary
Categories Finance HIGHLIGHTS HSBC analysis: New CBRT governor, same policy guidance Atilla YeşiladaPosted on9 February, 2024 The CBRT published its new inflation report yesterday and made no changes to its end-2024, … Continue ReadingHSBC analysis: New CBRT governor, same policy guidance
Categories Finance General YAĞIZ KUTAY: “THE UNBEARABLE LIGHTNESS OF STRIKING THE FALLEN” Atilla YeşiladaPosted on6 February, 2024 The Governor of the Central Bank, Hafize Gaye Erkan, announced her resignation, seemingly confirming speculations. … Continue ReadingYAĞIZ KUTAY: “THE UNBEARABLE LIGHTNESS OF STRIKING THE FALLEN”
Categories Finance HIGHLIGHTS Investment banks are becoming more hawkish on Turkish monetary policy Atilla YeşiladaPosted on6 February, 2024 The change of Turkey’s central bank governor and stickier inflation opened room for more interest-rate … Continue ReadingInvestment banks are becoming more hawkish on Turkish monetary policy
Categories Finance HIGHLIGHTS CNBC: Turkey’s new central bank governor seen as a ‘credible choice’ Atilla YeşiladaPosted on6 February, 2024 Previously the central bank’s deputy governor, Fatih Karahan’s resume features years spent in prominent American … Continue ReadingCNBC: Turkey’s new central bank governor seen as a ‘credible choice’
Categories Economy Finance HIGHLIGHTS JP Morgan: CBRT likely more hawkish under new leadership Atilla YeşiladaPosted on4 February, 2024 President Erdogan appointed hawkish Deputy Governor Fatih Karahan as CBRT Governor, replacing Hafize Gaye Erkan. … Continue ReadingJP Morgan: CBRT likely more hawkish under new leadership
Categories Economy Finance HIGHLIGHTS Markets Fed keeps interest rates untouched Cem CetingucPosted on1 February, 2024 The U.S. Federal Reserve (Fed) announced Wednesday that it has decided to keep the interest … Continue ReadingFed keeps interest rates untouched
Categories Economy General HIGHLIGHTS Türkiye finalizes initial phase of state-run companies reform Cem CetingucPosted on25 January, 202425 January, 2024 Türkiye on Tuesday announced it had completed the initial phase of reforms sought to enhance … Continue ReadingTürkiye finalizes initial phase of state-run companies reform
Categories Economy HIGHLIGHTS HSBC Turkey outlook: Where are we now? Where are we going? Atilla YeşiladaPosted on23 January, 2024 Summary Türkiye’s macro policies have become more conventional, opening up the way for gradual adjustment … Continue ReadingHSBC Turkey outlook: Where are we now? Where are we going?
Categories Economy HIGHLIGHTS COLUMN: Current policy settings will not end inflation Atilla YeşiladaPosted on28 December, 2023 By mid-2023, the administration realized that the “non-orthodox” monetary policy in place for the preceding … Continue ReadingCOLUMN: Current policy settings will not end inflation
Categories Finance HIGHLIGHTS Central Bank hikes rates by another 250 points. What did experts say? Atilla YeşiladaPosted on22 December, 2023 Central Bank (CBRT) governor Gaye Erkan and Co. delivered as widely expected by surveys, raising … Continue ReadingCentral Bank hikes rates by another 250 points. What did experts say?
Categories Finance HIGHLIGHTS ANALYSIS: CBRT hikes the policy rate by 500 bps to 40% Atilla YeşiladaPosted on23 November, 2023 The CBRT raised its policy rate by 500bps to 40%, exceeding market expectations of a … Continue ReadingANALYSIS: CBRT hikes the policy rate by 500 bps to 40%
Categories Economy HIGHLIGHTS Morgan Stanley on Turkey 2024: A Gradual Rebalancing Atilla YeşiladaPosted on18 November, 2023 Prelude Turkey’s shift towards a more conventional macro policy framework post-elections has involved significant … Continue ReadingMorgan Stanley on Turkey 2024: A Gradual Rebalancing
Categories Finance General HIGHLIGHTS Central Bank governor Erkan: Monetary policy is working, determined to combat inflation Atilla YeşiladaPosted on16 November, 2023 The Central Bank of the Republic of Turkey (TCBM) published the last Financial Stability Report … Continue ReadingCentral Bank governor Erkan: Monetary policy is working, determined to combat inflation
Categories Economy Finance HIGHLIGHTS CBRT/Gaye Erkan: monetary tightening to last until significant improvement in inflation outlook – 3 Atilla YeşiladaPosted on2 November, 2023 This is the final part of our coverage of CBRT’s quarterly inflation report. After a … Continue ReadingCBRT/Gaye Erkan: monetary tightening to last until significant improvement in inflation outlook – 3
Categories Economy Finance HIGHLIGHTS CBRT/Gaye Erkan: Medium-term projections-2 Atilla YeşiladaPosted on2 November, 2023 This is the second installment of our coverage of TURKEY’s third inflation report of the … Continue ReadingCBRT/Gaye Erkan: Medium-term projections-2
Categories Economy Finance HIGHLIGHTS Highlights from Gaye Erkan’s Inflation Report presentation—1 Atilla YeşiladaPosted on2 November, 2023 Now, I would like to elaborate on the monetary policy strategy we are implementing in … Continue ReadingHighlights from Gaye Erkan’s Inflation Report presentation—1
Categories Economy General HIGHLIGHTS Tim Ash: Marrakesh – the Turks were the talk of the town Atilla YeşiladaPosted on24 October, 2023 The new Turkish economy team were the talk of the town/star performers at the IMF … Continue ReadingTim Ash: Marrakesh – the Turks were the talk of the town
Categories Finance HIGHLIGHTS Morgan Stanley CBT Preview: Keeping Pace Atilla YeşiladaPosted on23 October, 2023 We expect another 500bp hike (to 35%) on October 26 in view of upside risks … Continue ReadingMorgan Stanley CBT Preview: Keeping Pace
Categories Atilla Yeşilada Finance HIGHLIGHTS ANALSIS: CBRT’s 500 basis point rate hike signals a brand new monetary regime Atilla YeşiladaPosted on21 September, 202321 September, 2023 This is a quick analysis by Atilla Yesilada about the importance of Central Bank’s (CBRT) … Continue ReadingANALSIS: CBRT’s 500 basis point rate hike signals a brand new monetary regime
