Following a surprise policy rate change last month, Turkey's central bank has further raised its effective cost of funding rate to above 12% in a continuation of its previous tightening measures to control inflation and support the currency. On the c...

In its latest World Economic Outlook, the IMF predicts the global economy to experience a 4.4% contraction in 2020 (+0.8ppt vs its June estimates) and a partial rebound to 5.2% growth in 2021 (-0.2ppt). Asia (-1.7% in 2020; +8.0% in 2021) faces a mor...

Seasonal and calendar-adjusted Turkish industrial production index has swiftly recovered as lockdowns have eased maintaining growth in August and reaching an all-time high level at 3.4% month-on-month. In year-on-year terms, calendar-adjusted industr...

The CBRT has intensified its efforts to rein in excess liquidity and put a floor under a plummeting lira, raising the lira rate on dollar swaps by 150bps to 11.75% on Friday and raising the remuneration rate on required lira reserves by 200bps on Mon...

Total employment in seasonally-adjusted terms (which changed direction in May with the easing of lockdown measues and reopening of the economy) has continued to recover, rising by 540K thanks to the fading impact of the pandemic. On the flip side, de...

Turkey's current account deficit in August stood at US$4.6 bn, aligned with the consensus, while the 12-month rolling figure reached US$23.2bn, up from US$15.3 bn a month ago, gaining pace despite recent normalisation measures introduced by policymak...