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The short-term focus will remain on the dismantling of the unorthodox economic programme that started in 2021, including tighter monetary policy, which will reassure investors. These policies are designed to [...]

We expect inflation to average just under 58% in 2024-the highest rate in the OECD. As expected, annual inflation peaked at more than 75% in May. Although it slowed to [...]

We expect inflation to average just under 58% in 2024-the highest rate in the OECD. As expected, annual inflation peaked at more than 75% in May. Although it slowed to [...]

What's happened? The Monetary Policy Committee (MPC) of the Central Bank of Turkey (CBT) increased the bank's main policy rate, the one-week repurchase lending rate, from 42.5% to 45% at [...]

We believe that the Federal Reserve (Fed, the US central bank) and the European Central Bank (ECB) have concluded their policy rate rises, although rate reductions are not forecast until [...]

The focus in the short term will remain on the reconstruction efforts following the massive earthquakes that hit Turkey in February. So far progress has been slow. Meanwhile, the dismantlement [...]

The focus in the short term will be on the recovery and reconstruction efforts following the massive earthquakes that hit the country in February. The costs of relief and rebuilding [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

In the short term the focus will be on the recovery and reconstruction efforts following the massive earthquakes that hit the country in February. The costs of relief and rebuilding [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

The Ukraine crisis, combined with global monetary tightening, has added to the challenges facing Turkey's fragile economy. Several factors expose the economy to external shocks, including its reliance on short-term [...]

The Ukraine crisis, combined with global monetary tightening, has added to the challenges facing Turkey's fragile economy. Several factors expose the economy to external shocks, including its reliance on short-term [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

The Ukraine crisis, combined with global monetary tightening, has added to the challenges facing Turkey's fragile economy. Several factors expose the economy to external shocks, including its reliance on short-term [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

The Ukraine crisis, combined with global monetary tightening, has added to the challenges facing Turkey's fragile economy. Turkey's heavy reliance on largely short-term capital inflows to meet the large external [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

What's happened? Consumer prices rose by 3% month on month in May, according to the Turkish Statistical Institute (TurkStat). Annual inflation accelerated to 73.5% from 70.0% a month earlier. Why [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles, vehicles and construction materials. Political tensions, lack of reform and the [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

The Turkish lira has been on a steady weakening trend since 2013, suffering several severe bouts of volatility in recent years, notably in August 2018 and November-December 2021, driven largely [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural goods, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

High inflation has forced the US Federal Reserve (Fed, the central bank) to taper its asset purchase programme, thereby ending quantitative easing (QE) in early March. With inflation remaining at [...]

The economic downturn in 2020 led to the biggest credit growth boom in a decade, facilitated by Turkey's state-owned banks and a politicised central bank. This has kept inflation elevated, [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

Event The Monetary Policy Committee (MPC) of the Central Bank of Turkey left its main policy rate--the one-week repurchase (repo) rate--unchanged at 14% at its scheduled meeting on January 20th. [...]

The economic downturn in 2020 led to the biggest credit growth boom in a decade, facilitated by Turkey's state-owned banks and a politicised central bank. This has kept inflation high, [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

The economic downturn in 2020 led to the biggest credit growth boom in a decade, facilitated by Turkey's state-owned banks and a politicised central bank. This has kept inflation high, [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

The economic downturn in 2020 led to the biggest credit growth boom in a decade, facilitated by Turkey's state-owned banks and a politicised central bank. This has kept inflation high, [...]

The lira depreciated by 19% against the US dollar on average in 2020. The lira was bolstered by the appointment of a new central bank governor at end-2020, who promptly [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

Event The Monetary Policy Committee (MPC) of the Central Bank of Turkey reduced its main policy rate-the one-week repurchase (repo) rate-to 18% at its September 23rd meeting. This contributed to [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

The lira depreciated by 19% against the US dollar on average in 2020, despite central bank interventions. The lira was bolstered by the appointment of a new central bank governor, [...]

The lira depreciated by 19% against the US dollar on average in 2020, despite central bank interventions. The lira was bolstered by the appointment of a new central bank governor, [...]

The monetary policy committee (MPC) of the Central Bank of Turkey (CBT) adopted an ultra-loose policy in the early stages of the coronavirus crisis, pushing real rates firmly into negative [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

Overall, the lira depreciated by about 19% against the dollar on average in 2020, despite central bank interventions. The lira was bolstered by the appointment of a new central bank [...]

Political and economic outlook Turkey is an emerging, largely free-market economy and a leading producer of agricultural products, textiles and construction materials. Political tensions, lack of reform and the politicisation [...]

Event The Monetary Policy Committee (MPC) of the Central Bank of Turkey (CBT) left its main policy rate-the one-week repurchase (repo) rate-unchanged at 19% at its scheduled meeting on June [...]

Overall, the lira depreciated by about 19% against the dollar on average in 2020, despite central bank interventions. The lira was bolstered by the appointment of a new central bank [...]

Overall, the lira weakened by about 19% on average in 2020, despite central bank interventions. After briefly plummeting to TL8.5:US$1 in the first week of November, the lira was bolstered [...]