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 Economy HIGHLIGHTS New Central Bank Governor pledges to continue tight monetary stance Cem CetingucPosted on8 February, 2024 New Central Bank Governor Fatih Karahan has said that the bank will maintain its tight monetary stance until … Continue ReadingNew Central Bank Governor pledges to continue tight monetary stance
Categories Economy Güldem Atabay HIGHLIGHTS Güldem Atabay: January budget deficit explodes, election economy to trigger rate hikes Atilla YeşiladaPosted on8 February, 2024 Erdogan is opening the budgetary floodgates wide to win end-March municipal elections. The January 2024 … Continue ReadingGüldem Atabay: January budget deficit explodes, election economy to trigger rate hikes
Categories Business Economy HIGHLIGHTS Trade Ministry : 45 Turkish provinces increased its exports in January Cem CetingucPosted on7 February, 2024 Exports from 45 of Türkiye’s 81 provinces increased in January compared to the same month of the … Continue ReadingTrade Ministry : 45 Turkish provinces increased its exports in January
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 Economy HIGHLIGHTS Markets Turkish foreign trade gap narrows by 3.2 percent in 2023 Cem CetingucPosted on6 February, 2024 Türkiye’s foreign trade deficit narrowed by 3.2% year-over-year in 2023, official data showed on Wednesday, … Continue ReadingTurkish foreign trade gap narrows by 3.2 percent in 2023
Categories Economy General HIGHLIGHTS Biggest issue is the high cost of living according to Turks Cem CetingucPosted on6 February, 20246 February, 2024 An overwhelming majority of Turks see the high cost of living as the country’s most … Continue ReadingBiggest issue is the high cost of living according to Turks
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 Economy HIGHLIGHTS ANALYSIS: Wage shock boosts inflation Atilla YeşiladaPosted on5 February, 2024 Wage shock transmitted quickly and harshly to final prices In January, consumer inflation was 6.7% … Continue ReadingANALYSIS: Wage shock boosts inflation
Categories Company & Industry Finance HIGHLIGHTS Turkey: Q4 2023 earnings preview Cem CetingucPosted on5 February, 2024 Aggregate non-bank profits to grow 11% y-o-y, decline 50% q-o-q. The Q4 earnings season will … Continue ReadingTurkey: Q4 2023 earnings preview
Categories Economy General HIGHLIGHTS IMF raises Turkey’s economic growth estimation Cem CetingucPosted on30 January, 202430 January, 2024 The International Monetary Fund (IMF) on Tuesday cited unexpected “resilience” in major advanced and emerging … Continue ReadingIMF raises Turkey’s economic growth estimation
Categories General HIGHLIGHTS Turkish Bankers Association: 2024 is the year of restoration Atilla YeşiladaPosted on28 January, 2024 The targets in the Medium-Term Program (MTP) announced by the government after the elections are … Continue ReadingTurkish Bankers Association: 2024 is the year of restoration
Categories Economy General HIGHLIGHTS Turkey’s consumer confidence index reaches 7-month high Cem CetingucPosted on26 January, 202426 January, 2024 Türkiye’s consumer confidence index in January reached its highest level of the past seven months, … Continue ReadingTurkey’s consumer confidence index reaches 7-month high
Categories General HIGHLIGHTS COMMENT: It is official, Turkey’s perceived inflation is 96%. Turkstat says “this is normal”! Atilla YeşiladaPosted on26 January, 2024 In a written statement, the Turkish Statistical Institute (Turkstat), stated that “the news about the … Continue ReadingCOMMENT: It is official, Turkey’s perceived inflation is 96%. Turkstat says “this is normal”!
Categories Business Economy HIGHLIGHTS Turkey’s business confidence ticks up in January, other data paints mixed picture of economic activity Atilla YeşiladaPosted on26 January, 202426 January, 2024 The Turkish Business Confidence numbers for January 2024 were released on Thursday morning, clocking in … Continue ReadingTurkey’s business confidence ticks up in January, other data paints mixed picture of economic activity
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 Finance General HIGHLIGHTS EBRD invested a whopping €2.5 billion in Türkiye last year Cem CetingucPosted on25 January, 2024 The European Bank for Reconstruction and Development (EBRD) invested a record €2.48 billion in Türkiye in 2023, … Continue ReadingEBRD invested a whopping €2.5 billion in Türkiye last year
Categories Business HIGHLIGHTS COMMENTARY: Turkey is in a housing slump, sort of Atilla YeşiladaPosted on24 January, 2024 Turkey’s housing boom may be over, just may be. Different indices yield contrasting results, though … Continue ReadingCOMMENTARY: Turkey is in a housing slump, sort of
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 HIGHLIGHTS Politics ARTICLE: Who is trying to get rid of Mehmet Simsek? Atilla YeşiladaPosted on22 January, 2024 Recently, there has been frequent news about Central Bank Governor Gaye Erkan. What I understand … Continue ReadingARTICLE: Who is trying to get rid of Mehmet Simsek?
