Categories Economy HIGHLIGHTS Turkey’s Central Bank back to square one Güldem AtabayPosted on15 March, 202415 March, 2024 CBRT’s net foreign exchange reserves excluding swaps fell sharply in the week of March 8. … Continue ReadingTurkey’s Central Bank back to square one
Categories Economy HIGHLIGHTS Persistent inflation in Turkey spurs calls for further interest rate hikes Cem CetingucPosted on13 March, 2024 As inflation is soaring in Türkiye, the central bank’s decision to halt monetary tightening is … Continue ReadingPersistent inflation in Turkey spurs calls for further interest rate hikes
Categories Economy General HIGHLIGHTS Title corrected: Simsek promises fiscal rectitude to help CB lower inflation Cem CetingucPosted on12 March, 202412 March, 2024 Türkiye’s finance minister Mehmet Simsek announced on Monday the government’s determination to tighten fiscal policies to support … Continue ReadingTitle corrected: Simsek promises fiscal rectitude to help CB lower inflation
Categories Economy General HIGHLIGHTS Finance Minister: Türkiye wil not do anything “extraordinary” to curb inflation Cem CetingucPosted on16 February, 2024 Türkiye will not do anything “extraordinary” to curb inflation, Treasury and Finance Minister Mehmet Şimşek … Continue ReadingFinance Minister: Türkiye wil not do anything “extraordinary” to curb inflation
Categories Economy HIGHLIGHTS TUIK: Majority in Turkey unable to afford week-long holiday Cem CetingucPosted on6 February, 20246 February, 2024 While Turkey’s wealthiest top 20 percent earned nearly half of the country’s total income in … Continue ReadingTUIK: Majority in Turkey unable to afford week-long holiday
Categories Atilla Yeşilada Economy HIGHLIGHTS Video analysis: Fed pivot, energy prices to aid Turkish economy in 2024 Atilla YeşiladaPosted on23 December, 2023 Real Turkey Channel frontperson explains how lower American interest rates and forecasts of lower energy … Continue ReadingVideo analysis: Fed pivot, energy prices to aid Turkish economy in 2024
Categories Economy HIGHLIGHTS ANALYSIS-ING: Continued improvement in Turkey’s underlying inflation trend Güldem AtabayPosted on4 December, 20234 December, 2023 With another better-than-expected monthly reading at 3.3% (vs the consensus at 3.9% and our call … Continue ReadingANALYSIS-ING: Continued improvement in Turkey’s underlying inflation trend
Categories Economy HIGHLIGHTS Turkish CPI inflation surges beyond 60% and more is to come Güldem AtabayPosted on3 October, 20233 October, 2023 Turkish inflation hit a record 61.53% in September according to data from the Turkish Statistical … Continue ReadingTurkish CPI inflation surges beyond 60% and more is to come
Categories Economy HIGHLIGHTS The Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent. Güldem AtabayPosted on2 October, 2023 The Istanbul Chamber of Commerce (ITO) has published the retail and wholesale price indices for September for … Continue ReadingThe Istanbul Chamber of Commerce has announced that prices in the megacity increased by 5.46 percent in September compared to the previous month while the annual inflation was 73.18 percent.
Categories Economy Turkey’s annual inflation surges beyond expectations to 58.94 percent Güldem AtabayPosted on4 September, 2023 In August, Turkey witnessed an alarming surge in annual inflation to 58.94%, fueled by soaring … Continue ReadingTurkey’s annual inflation surges beyond expectations to 58.94 percent
Categories Economy HIGHLIGHTS Turkish inflation has risen to the highest level since January 2022 Güldem AtabayPosted on3 August, 2023 Following the release of the inflation data, market attention shifted to exchange rates and gold … Continue ReadingTurkish inflation has risen to the highest level since January 2022
Categories Economy HIGHLIGHTS Turkiye annual inflation to rebound to 47.3% after tax hikes, lira decline Güldem AtabayPosted on2 August, 2023 Turkiye’s monthly inflation is seen at 9.1 per cent in July due to various tax … Continue ReadingTurkiye annual inflation to rebound to 47.3% after tax hikes, lira decline
Categories Economy HIGHLIGHTS Turkey: Price of fuel climbs up by over 20% after increase in taxes Güldem AtabayPosted on17 July, 2023 In a flurry of tax hikes, the price of gasoline, diesel oil and natural gas … Continue ReadingTurkey: Price of fuel climbs up by over 20% after increase in taxes
Categories Economy HIGHLIGHTS Turkey’s inflation hits 38.2% in June amidst Lira’s depreciation Güldem AtabayPosted on5 July, 2023 Core inflation, which excludes volatile items, witnessed an annual increase of 47.3%, up from 46.6% … Continue ReadingTurkey’s inflation hits 38.2% in June amidst Lira’s depreciation
Categories Economy HIGHLIGHTS Inflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent Güldem AtabayPosted on3 July, 2023 According to unofficial data from the ENAG Inflation Research Group, an independent institution set up … Continue ReadingInflation Research Group (ENAG), founded by a group of independent academics calculate June inflation as 108,6 percent
Categories Economy HIGHLIGHTS Turkey’s official inflation slows to 39.6% after Erdoğan’s pledge of free natural gas in May Güldem AtabayPosted on5 June, 2023 Turkish annual inflation fell to 39.59% in May, official data showed on June 5, broadly in line with expectations, … Continue ReadingTurkey’s official inflation slows to 39.6% after Erdoğan’s pledge of free natural gas in May
Categories Economy Finance HIGHLIGHTS Markets 3 Inflation-Addressing Approaches, Varying in Effectiveness Cem CetingucPosted on17 April, 202317 April, 2023 Turkey has long had a hyperinflation problem, but that doesn’t mean that its central bank … Continue Reading3 Inflation-Addressing Approaches, Varying in Effectiveness
Categories General HIGHLIGHTS March inflation in Turkey expected to drop to 51.3 percent Cem CetingucPosted on30 March, 2023 Turkey’s annual inflation should slow to 51.3 percent in March even as prices continue to … Continue ReadingMarch inflation in Turkey expected to drop to 51.3 percent
Categories Economy General HIGHLIGHTS Living conditions worsen due to inflation in Turkey despite pay hikes Cem CetingucPosted on13 January, 2023 The government announced a 55-per cent increase in the official minimum wage for 2023 to … Continue ReadingLiving conditions worsen due to inflation in Turkey despite pay hikes
Categories Economy HIGHLIGHTS Politics Erdogan vows to tackle Turkey’s high inflation Cem CetingucPosted on21 December, 2022 President Recep Tayyip Erdoğan on Dec. 21 vowed to sharply decline the inflation in Turkey … Continue ReadingErdogan vows to tackle Turkey’s high inflation