Turkey’s Economy

There are quite a few factors pulling in different directions that could determine whether the CBRT decides to hold rates. This isn't an unusual situation for the CBRT, despite the new governor taking on a more aggressive stance to…
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Turkey is scheduled to report its third-quarter GDP figures on Monday. For many traders, it will be at the end of an extended weekend. The economic situation in Turkey is, shall we say, complicated. Even though the data is relatively old at…
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Last month, the markets were taken completely by surprise when the CBRT raised interest rates by two percentage points. That 200 basis point increase, in comparison to other central banks, is the equivalent of four 'raises'. The…
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Last week, President Charles Michel called a special meeting of the European Council, That is, a meeting of the EU country leaders. However, the summit was postponed until this week. This was due to Michel possibly being exposed to the…
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Like most disputes between nations, the recent impasse between Turkey on the one hand, and Cyprus and Greece (which means the EU) on the other, is both simple and complicated. The simple explanation is natural resources, like most…
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Documents Requested on Trump's Ties With Erdogan  President Trump is making headlines due to his alleged links to Turkish President Erdogan. This week, Bob Menendez, the top Democrat on the Senate Foreign Relations Committee, wrote a…
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Traditionally, at this point in the economic cycle, emerging markets should be an appetizing currency play. As risk appetite returns to markets, we would expect emerging market currencies to strengthen as capital starts searching for…
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The last Friday of the month is crammed full of what are often second-tier GDP numbers. The markets see them this way as they are from smaller economies. However, they are just as relevant for their respective currencies, despite being…
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On Thursday, September 13th, the market was pleasantly surprised when the Turkish Central Bank (CBRT) boosted the benchmark rate for the lira by 625 basis points. Although given the market conditions in the country at the time, a…
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There are many reports have been hovering around Turkey’s economic situation, whether before the failed coup or even after the coup. Many are saying that the economy is in a state of crisis. Yet, there are evident signs of stabilization.…
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