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Latest articles in Turkey

Turkey: New central bank governor stays course, for now; upgrade debt ratings

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...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 15 April 2021
Turkey: New central bank governor stays course, for now; upgrade debt ratings
Turkey: New central bank governor stays course, for now; upgrade debt ratings

Turkey’s central bank on hold but an earlier rate cut can’t be ruled out

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 ...
ING Think
ING Think 15 April 2021
Turkey’s central bank on hold but an earlier rate cut can’t be ruled out
Turkey’s central bank on hold but an earlier rate cut can’t be ruled out

Turkey’s flow outlook looks challenging

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...
ING Think
ING Think 12 April 2021
Turkey’s flow outlook looks challenging
Turkey’s flow outlook looks challenging

Iran and Israel conflict worsens as each tries to shape the next US nuclear deal

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...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 12 April 2021
Iran and Israel conflict worsens as each tries to shape the next US nuclear deal
Iran and Israel conflict worsens as each tries to shape the next US nuclear deal

IMF: Weakening fiscal balance sheets biggest concern for EM beyond 2021

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 ...
ING Think
ING Think 8 April 2021
IMF: Weakening fiscal balance sheets biggest concern for EM beyond 2021
IMF: Weakening fiscal balance sheets biggest concern for EM beyond 2021

Istanbul Canal is a reminder of Turkey's strategic location and internal splits

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...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 5 April 2021
Istanbul Canal is a reminder of Turkey's strategic location and internal splits
Istanbul Canal is a reminder of Turkey's strategic location and internal splits