The year-end inflation expectation rose to 57.92%, according to the results of the Market Participants Survey for May by Central Bank. The figure was 46.44% in the previous month’s survey. The CPI expectation for 24 months later, also increased from 17.68% to 19.54%. The participants’ current year-end USD/TRY expectation also rose from 16.85 in the...
The CAD is big and its financing is bad!
To what extent does the misery index influence voters’ choices?
AI and beyond
Budget deficit risk of around 7% of GDP
Tourism revenues rise higher than the number of tourists
Need for anchor
Patents with technological advances in the automotive ecosystem
Let’s estimate FX rates…
Inflation soared while the policy rate was lowered
Famous banks’ election expectations
Energy and gold don’t explain the CAD
Levent Kafkasli becomes GM of GAP Insaat
Global tension: Is it decision time for Turkey?
When you don’t learn from a mistake from 30 years ago
UNDP sends containers to the quake-hit region
Annualized foreign trade deficit tripled in 1.5 years
KKM, liraization: Fiddlesticks!
Capacity usage down contrary to real sector confidence
Inflation expectations up by 11.5 points
Experts interpret the FX rate hike
USD/TRY which has exceeded the 15.00 limit for the first time after 4 ½ months, continues to increase with the impact of the globally strengthened USD index. The TRY devaluation is expected to continue in the national economy, which is open to external shocks thanks to its high foreign exchange (FX) need, low reserves and...
TRY weakens nearly 3%, giving up some of Wednesday’s gains
TRY weakened nearly 3% on Thursday, giving up most of the gains from a rally a day earlier, as concerns persisted over surging inflation against a background of unorthodox policies aimed at boosting exports and growth. TRY lost 44% of its value against the dollar last year and a full-blown currency crisis was halted last...
Erdogan defends pursuit of lower interest rates as lira sinks
BY BLOOMBERG President Recep Tayyip Erdogan defended his pursuit of lower interest rates to boost economic growth and job creation, pushing the lira to a new record low against the dollar. Turkey has abandoned old policies based on high borrowing costs and a strong currency in the name of slowing inflation, and instead shifted to...
TRY Rout Imperils One of the Best Bets in Emerging Markets
BY BLOOMBERG The TRY’s slump this month threatens to derail a rally in Turkish corporate bonds that’s handed investors some of the richest returns in emerging markets. The debt, offering returns of 4.4% in 2021, was the second-worst performer in developing nations after President Recep Tayyip Erdogan sacked three central bankers last week. As TRY tumbled, the...