Borsa Istanbul’s BIST 100 index rose by 0.52% to 1,624.09 points, an all-time high, as of Wednesday’s close. Risk appetite decreases in the global equity markets while positive differentiation in Borsa Istanbul draws attention after Producer Price Index and Consumer Price Index hit 26-year and 13-month high, respectively in China, and the annual inflation saw 31-year high in the U.S, according to analysts. The BIST 100 index keeps steady stance this morning.
USD/TRY, meanwhile, breaks successive records following the October inflation data form the U.S. The annual inflation, which was estimated to reach 5.9%, saw 6.2% in October in the U.S. USD/TRY, which saw 9.87 yesterday after the figure was released, hits 9.92 this morning.
Political concerns restrict Turkey’s ability to raise the interest rate despite increasing inflation, according to the international credit rating agency Fitch Ratings Turkey analyst Erich Arispe. Speaking to daily DUNYA, Arispe said dictating to further ease of the monetary policy with similar concerns due to coming election period is an important risk despite external vulnerabilities and risks.
The Parliament has approved the Presidential motion to extend the deployment of Turkish troops in Azerbaijan for one more year.
The price of gasoline per liter has been reduced by TRY 0.32. Thus, the price of gasoline per liter fell to 8.15 in Istanbul, 8.22 in Izmir and 8.20 in Ankara.
Health Minister Fahrettin Koca said anyone older than 18 years old who were administered an MRNA vaccine at least six months ago can receive booster shots.
The country’s current account balance posted USD 1.6bn surplus in September, according to the Central Bank. The 12-month current account deficit fell from USD 23bn to USD 18.4bn in September, compared to the previous month.
The Central Bank and the Banking Regulation and Supervision Agency (BDDK) will release weekly money and banking statistics (2.30 pm).
The Parliament’s Planning and Budget Commission will discuss budgets of various institutions including the Ministry of Energy and Natural Resources, and Energy Market Regulatory Authority.
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Turkey, which closed the 2021 tourism season at a high level compared to last year, has already started to prepare for 2022. The sector targets USD 30bn tourism revenue for the new season.