The Monetary Policy Committee (PPK) will announce the interest rate decision on Thursday. Prior to the PPK meeting, at which interest rate is expected to be further lowered, USD/TRY saw 10.04 while EUR/TRY hit 11.50 this morning.
The problems and hot agenda in the economy pushed the opposition parties to act jointly in this area as well. The staff of the CHP, IYI Party, SP, DP, Gelecek Party and DEVA Party, which planned to announce the main basic framework determined for the transition to the “Strengthened Parliamentary System” to the public in December, also started contacts to determine the basic economic principles. The six opposition parties will jointly undertake the basic economic principles such as Central Bank independence, fiscal discipline, autonomy of regulatory institutions, prevention of corruption and informal economy, according to daily DUNYA Ankara representative. These commitments, if implemented, will form the basis of the principles of the “economic constitution” in the future.
Turkish Statistical Institute (TurkStat) will release House Sales Statistics for October (10.00 am).
Turkstat will release Producer Price Index of Agricultural Products for October (10.00 am).
Turkstat will release Paid Employee Statistics for September (10.00 am).
The Ministry of Treasury and Finance will release the central government’s budget balance statistics for October (11.00 am).
President Recep Tayyip Erdogan will attend AK Party’s Central Decision and Executive Board (MKYK) meeting (2.00 pm).
Foreign Minister Mevlut Cavusoglu will meet with Iranian President Ebrahim Raisi and his Iranian counterpart Hossein Amir-Abdollahian.
IN OUR MAGAZINE THIS WEEK:
>> On the cover: This week in our cover, you will read an interview with Trendyol Group President Caglayan Cetin. Trendyol has by far the largest market cap in Turkey and is valued at over USD 16.5bn. It is Turkey’s first decacorn, a technology company with a valuation over USD 10bn. It is now planning to take steps towards globalization. Daily Dunya’s senior columnists Hakan Guldag, Vahap Munyar and Seref Oguz asked him questions to decode the success of the company. You can read the details on pages 14 and 15.
>> Professor Ilter Turan: You may not like lobbying, but it is necessary. P. 10.
>> Diplomacy: Turkic Council totaling USD 1.1tr convenes in Istanbul. P. 12.
>> Startup: Betting on becoming a unicorn. P. 16.
>> Energy: Aspilsan to manufacture cylindrical battery cells. P. 19.
>> Zeynep Gurcanli: In the Democracy Summit, is the goal democracy or strategy? P. 22.