Author: Alaattin Aktas (Alaattin Aktas)

BY ALAATTIN AKTAS We know very well that the inflation rate for 2022 will be between 65-70% even at the widest margin. When we finish the year at 67% with 3% increases in November and December, the increase in the second half of the year will be 17.60% This 17.60 percent inflation difference will be...

BY ALAATTIN AKTAS The Turkish economy grew by 3.9% in the third quarter (Q3), hitting a 3-year low. The growth rate was 7.9% in Q3 2021 and 6.5% in Q3 2020. But what will things look like for a longer period? Let’s look at two more pieces of data to get a better idea. The...

BY ALAATTIN AKTAS The official data announced by the Ministry of Treasury and Finance shows that some of the steps taken by the economy management are not working well, and have even had the opposite effect, at least for public finances. The interest rate journey, which started at 19% a year ago in September, will...

BY ALAATTIN AKTAS Steps were taken so that the wheels turning in the manufacturing industry and production didn’t grind to a halt, so that employment didn’t decline (it is increasing), and so that growth could continue. To ensure this, the policy rate has been cut for the last year, knowing this would cause inflation. On...

BY ALAATTIN AKTAS It is said that savings should be increased as the country. Expanding the economic instrument range and shifting consumption are seen as the primary ways to increase savings. This is correct on paper. However, the exact opposite is behavior is observed in the inflation environment in Turkey. It’s hard to save money...

BY ALAATTIN AKTAS The peak in annual consumer prices for this year has likely already occurred. Monthly inflation rose by 3.54% and annual inflation reached 85.51% in October. If the hike in November remains below 3.51%, a decline, which we have long been talking about, will begin. If inflation exceeds 3.51% in November, the annual...

BY ALAATTIN AKTAS It’s written on the top of the Central Bank’s (CB) official website that the primary objective of the Bank is to achieve and maintain price stability. Moreover, the expression ‘price stability’ is highlighted. CB managers should go to their website and look at this phrase to remind themselves of their primary objectives....

BY ALAATTIN AKTAS I was wrong, but I wasn’t the only one. Almost everyone expected the policy rate to be reduced by one point, but it was cut by 1.5 points. The policy rate was cut from 12% to 10.5%. An important detail indicating what will happen in the coming period was included in the...