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What matters on Monday, November 28

What matters on Monday, November 28

We are starting the new week with a busy economic data agenda; the pieces of data announced on Thursday and Friday will be especially critical and interesting. The first is the PMI, which will be released on Thursday morning. The PMI has been below 50 for eight months, indicating a contraction. But what is more...

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What matters on Friday, November 25

What matters on Friday, November 25

The Central Bank’s Monetary Policy Committee (PPK) cut the interest rate by 150 basis points from 10.5% to 9% in the November meeting in line with the market expectation. The policy rate, which saw single digits for the last time in May 2020 and remained there until the PPK meeting held in September 2020, fell...

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Policy rate in the single digits after 26 months

Policy rate in the single digits after 26 months

The Central Bank’s Monetary Policy Committee (PPK) cut the interest rate by 150 basis points from 10.5% to 9%, in line with the market expectation. Thus, the policy rate dropped to the single digits after 26 months. Here is the PPK statement: “The weakening effects of geopolitical risks on global economic activity continue to increase....

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What matters on Thursday, November 24

What matters on Thursday, November 24

The markets are focused on the Central Bank’s policy rate decision. The Central Bank’s Monetary Policy Committee (PPK) will convene under the presidency of the bank’s Governor Sahap Kavcioglu today. The policy rate is expected to decrease to 9% at today’s meeting, according to the statement made after the last PPK meeting on October 20: “…In this context,...

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Real sector debt accelerates faster than its equities

Real sector debt accelerates faster than its equities

BY ISMET OZKUL We’ll examine the 12-year change in companies’ equity, debt, revenue, profit, and financing expenditures from 2009-2022, according to the Central Bank’s company balance sheet data. As the number of firms changes over years, we’ll see how the average figures change per company. ►The 12-year average equity hike per company is 196% and...

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What matters on Wednesday, November 23

What matters on Wednesday, November 23

The manufacturing industry has increased its stocks to prevent the effects of the surge in raw material prices caused by energy inputs and a sharp FX rate hike, as well as difficulties in the supply chain. Now, the industry is struggling with a lack of demand, according to daily NB Ekonomi. In addition to a...

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Slowdown in the manufacturing industry becomes more significant

Slowdown in the manufacturing industry becomes more significant

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...

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Revision reduced CAD and net E&O

Revision reduced CAD and net E&O

BY ALAATTIN AKTAS The revision in travel revenues announced by TurkStat was reflected in the balance of payments data from the the Central Bank (CB), dating back to 2012. The current account deficit (CAD) declined by USD 26.71bn from 2012 to August 2022, but the figure was USD 26.79bn in the CB’s revision statement. The...

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What matters on Tuesday, November 22

What matters on Tuesday, November 22

We announced about a major change in our parent publication, daily DUNYA, yesterday. The team preparing daily DUNYA has decided to continue its journey as a new daily economy newspaper: Nasıl Bir EKONOMİ. Here is why: “An inevitable farewell, a new start… We set out to save daily DUNYA exactly three years ago, to save...

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What matters on Monday, November 21

What matters on Monday, November 21

We’ll kick off the week with a promising new development. As of today, our daily newspaper will be published under the name ‘Nasil Bir Ekonomi’. There will be no change in the name or content of our English language publication, TR MONITOR. As a valued subscriber, we will continue to make sure you’re receiving all...