The CBRT held the one-week repo rate at 19% today, in line with the forecast of all but two of the 25 economists surveyed by Bloomberg. As long as rollover rates stay near unity, then Turkey will be able to weather the crisis, but a hard stop in fina...

The new CBT Governor, addressing question marks about a major monetary policy reversal, has alleviated market concerns with his remarks in recent weeks, signalling policy continuity along with the importance of and dedication to price stability. The ...

Turkish current account deficit in February at US$2.6 bn showed a relative deterioration over the same month of 2020 mainly on the back of continuing narrowing of services surplus, while goods balance remained practically unchanged. However, expansio...

Israel's cyberattack against the Natanz nuclear facility in Iran, maritime attack against the Saviz vessel in the Red Sea, and airstrikes against Iranian-linked assets in Syria all point to a more intense phase of conflict with Iran that coincides wi...

Emerging and Developing Asia (+8.6% in 2021; +6.0% in 2022) remain the growth locomotive of the emerging and developing world. Given the recent rise in core rate yields, tighter financial conditions pose a noteworthy risk to the recovery. EM Asia is ...

Readers of a certain age associate Montreux with a music festival. Alliances have changed in the 85 years that have passed since then, but the strategic importance of the Turkish Straits has not. They warn that this could ultimately lead to a loss of...