The Central Bank Governor Sahap Kavcioglu’s focus was on improvements in exports and employment in the meeting with investors and economists. He said core inflation continues to slow down and the surge is temporary. The governor also touched on the slowdown in commercial loans. His statements failed to eliminate uncertainties, according to analysts who think that myopia, lack of direction and uncertainties in the monetary policy continue. They also expect the interest rate to be further reduced at the Monetary Policy Committee meeting to be held on October 21.
The Paris Climate agreement, which was signed long time ago but wasn’t put on the agenda due to various drawbacks, has been ratified by the Parliament on the condition that Turkey is categorized as the developing country. Decision for ratification on October 7 has paved the way for the country to attend the Conference of the Parties (COP) where international negotiations are conducted.
The UK removes 37 countries including Turkey, Gana and India from its ‘red category’ travel list, meaning their COVID-19 vaccination status certificates are recognized. The UK government exempted individuals that inoculated in Turkey from the 10-day home quarantine. The decision will come into force on October 11 at 4.00 am local time in the UK.
Some 30,019 new coronavirus cases and 217 deaths due to the COVID-19 were reported in the last 24 hours by the Health Ministry. Minister Fahrettin Koca said the current number of daily infections is a ‘critical load’. On the other hand, so far over 111.6 million coronavirus vaccine jabs have been administered. More than 54.3 million people have received their first doses, while more than 45.8 million are fully vaccinated. More than 10.6 million people have been given booster shots.
President Recep Tayyip Erdogan will attend the 12th Transportation and Communication Forum to be held at Ataturk Airport (11.00 am).
Minister of Energy and Natural Resources Fatih Donmez will attend the 5th Turkey-Nigeria Joint Economic Commission meeting (11.30 am).
Istanbul Chamber of Industry will release Turkey Export Climate Index.
The Ministry of Treasury and Finance will release the average maturity and cost of domestic borrowing as well as the total domestic debt rollover ratio for September (5.30 pm).