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Turkey may be edging towards capital controls

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TURKEY

A score below 100 indicates a pessimistic outlook -- the index has not exceeded 100 since March 2018. Increasingly frequent and heavy-handed interventions by the Turkish Central…

Turkey's return to economic orthodoxy may waver

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TURKEY

The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…

Falling profits will force Turkish bank modernisation

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TURKEY

Banks' response to limited growth and profitability from restrictions on growing their credit card businesses.

Turkish state banks’ use for policy may harm stability

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TURKEY

State banks’ increased use as policy instruments.

Very high inflation may be the new normal in Turkey

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TURKEY

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…

Risks are high despite Turkey’s policy 'normalisation'

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TURKEY

With the lira at a record low, the Central Bank continued to tighten monetary policy this week, funding the market through competitive one-month repo tenders at rates of around…

Prospects for Turkey in 2021

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PROSPECTS 2021

Fiscal and monetary stimuli and a policy-induced credit boom have combined with the broad normalisation of social life to contain COVID-19's impact on economic output. However…

Turkey’s illiberal economic model will extend further

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TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

Turkey will reduce inflation gradually

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TURKEY

Although the central bank has increased interest rates substantially since June 2023, the effects on economic activity and inflation have been limited. Prices and policy…

Turkey's economic policy shift is not worth the risks

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TURKEY

The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…