ozlemdericiinTurkish EconomyStrong production in 4Q15Industrial production grew 4.5% y-o-y in calendar-adjusted terms in December. The result came in higher than the market consensus of 3.6%…Feb 9, 2016Feb 9, 2016
ozlemdericiinTurkish EconomyDelay in simplification a prudent moveAs expected, the CBRT kept its 1w repo rate on hold at 7.5% at yesterday’s MPC meeting, while it also left the interest rate corridor…Jan 20, 2016Jan 20, 2016
ozlemdericiinTurkish EconomyMarket friendly move is not to moveThe CBRT will hold its MPC meeting tomorrow and announce its policy rate decision at 14:00 local time. We expect the CBRT to remain on hold…Jan 18, 2016Jan 18, 2016
ozlemdericiinTurkish EconomyAgriculture behind the higher unemployment rateThe unemployment rate in October (which is calculated based on the average of September, October and November) was 10.5%. This is higher…Jan 15, 2016Jan 15, 2016
ozlemdericiinTurkish EconomyInflation expectations continue to worsenInflation expectations continue to deteriorate, mainly due to the higher than expected reading at end 2015 and tax and wage hikes at the…Jan 14, 2016Jan 14, 2016
ozlemdericiinTurkish EconomyCapital outflows reach alarming levelsThe current account registered a $2.1 bln deficit in November, close to the market consensus ($2.0 bln) and our forecast ($2.2 bln). As…Jan 14, 2016Jan 14, 2016
ozlemdericiinTurkish EconomyRevised Medium Term ProgramYilmaz and Finance Minister Naci Agbal today announced a new medium term economic program. The program seems to be more realistic than…Jan 12, 2016Jan 12, 2016
ozlemdericiinTurkish EconomyModerate yet not bad production in NovemberIndustrial production expanded 3.5% y-o-y in November in calendar-adjusted terms, below the market consensus of 4.3%. In unadjusted terms…Jan 8, 2016Jan 8, 2016
ozlemdericiinTurkish EconomyForeign investors’ position in TurkeyAnnual outflow is $9.6 blnJan 7, 2016Jan 7, 2016