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Turkey looks to ride out financial assets volatility

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TURKEY

The Central Bank is expected to keep its main interest rates on hold, despite the lira continuing to fall sharply against the dollar and headline and core inflation rates that are…

Turkey's central bank may tighten harder later

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TURKEY

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…

Low monetary credibility keeps strain on Turkish lira

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TURKEY

The recovery from the record low of 4.93 on May 23 may reflect officials’ efforts to counteract President Recep Tayyip Erdogan’s disastrous interventions in Turkey’s economic…

Early Turkish elections could upset investor optimism

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TURKEY

The marked improvement in sentiment towards Turkish assets since mid-January.

Policy concerns will keep Turkish lira under strain

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TURKEY

Mounting concerns that a faster-than-expected global economic recovery from the COVID-19 pandemic will spur inflation, forcing the leading central banks to signal an…

Political pressure on Turkey's Central Bank will go on

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TURKEY

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…

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 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’s policy uncertainty will worry investors

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TURKEY

The limited rate hike (annual core inflation is running at 47%) has undermined foreign investors’ hopes that President Recep Tayyip Erdogan’s new economic team would be free to…

Turkey is facing a severe balance of payments crisis

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TURKEY

The dramatic fall in the lira is turning a currency crisis into a full-blown debt and liquidity crisis. President Recep Tayyip Erdogan is taking an increasingly defiant stand…