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TURKEY: Central Bank may be under more pressure soon
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DOI: 10.1108/OXAN-ES233584
ISSN: 2633-304X
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TURKEY: Slower inflation would be a bright spot
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DOI: 10.1108/OXAN-ES195813
ISSN: 2633-304X
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The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…
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DOI: 10.1108/OXAN-DB242769
ISSN: 2633-304X
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Prospects for Turkey in 2020.
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DOI: 10.1108/OXAN-DB247765
ISSN: 2633-304X
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This follows the decision by the Central Bank of the Republic of Turkey (CBRT) on August 18 to keep its three main interest rates on hold. Despite the CBRT also announcing a 'road…
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DOI: 10.1108/OXAN-DB202838
ISSN: 2633-304X
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The CBRT is expected to respond at its regular monthly interest rate-setting meeting to the fall in inflation in January to 7.2%. However, while the nearly 50% slide in oil…
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DOI: 10.1108/OXAN-DB197808
ISSN: 2633-304X
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Cetinkaya is an apparent compromise between President Recep Tayyip Erdogan and Prime Minister Ahmet Davutoglu. The MPC cut the overnight lending rate by 50 basis points to 10%…
As state-owned banks apparently intervene to support the lira, the Treasury and Finance Ministry has proposed issuing domestic bonds with yields linked to the revenues of state…
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DOI: 10.1108/OXAN-DB270779
ISSN: 2633-304X
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S&P is concerned that the political fallout from the failed July 15-16 military coup will make it more difficult for the country to meet its large external financing requirements…
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DOI: 10.1108/OXAN-DB212581
ISSN: 2633-304X
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Despite dramatic depreciation of the lira since early March, the TCMB is likely to continue cutting its benchmark one-week repo rate, now at 8.75%, as it tries to mitigate the…