Haberler

Rate movement stands out in the CBRT week Fed minutes show that contraction will begin in November or December.

China: Supply crisis and real estate risks for economic growth One of the historically low growth rates in China was announced for 3Q21 and the periodic performance was 0.2%, while the economy grew by 4.9% compared to the same period of the pr

CBRT Market Participants Survey: 2021 year-end inflation expectation at 17.63%.. In the CBRT October Market Participants Survey, the current year-end inflation expectation was 17.63%.

Turkey: Budget deficit narrows with increasing tax revenues According to the September budget data announced by the Ministry of Treasury and Finance; The central government budget, which had a surplus of 40.8 billion TRY in August 2021, had

Fed: Tapering to start in mid-November or mid-December Respondents generally considered that a gradual contraction period ending in mid-next year would be appropriate, provided the economic recovery generally goes well.

China: Inflation, RRs and monetary policy flexibility While consumer inflation in China was 0.7% in September, below the expected 0.8%, producer inflation, which is the main problem, has moved from 9.5% to 10.7%.

Global: The bond yield curves reflet the inflation concerns It is observed that German bunds with negative rates also contributed to the recent rise in US bond rates, and within this framework, 10-year rates rose to -0.09% and approached th

US: Movement in short-term inflation expectations Inflationary pressures remain historically high. As manufacturers continue to reflect the highest cost pressures and subsequently these costs to their sales prices, inflation remai

Central Bank's Inflation Perspective When we look at the interest path of the Central Bank and the prevailing economic and inflationary conditions, we will experience a period in which more than one answer can be give

Turkey: I/P positive in terms of growth While industrial production in Turkey increased by 13.8% in August compared to the same month of the previous year, according to calendar adjusted data; Seasonally and calendar adj

CBRT: Kavcıoğlu's Presentation of the Parliamentary Plan and Budget Committee Kavcıoğlu said that Turkey's 2021 current account deficit is seen between 15 – 17 billion dollars.

Turkey: Unemployment rate rises to 12.1% in August The unemployment rate in Turkey in August, which was 13% in the same month of the previous year, decreased by 0.9 points to 12.1%.

Turkey: Current account balance gives a surplus with tourism increase In August, the current account balance in Turkey gave a surplus of 528 million USD after recording deficit 9 months in a row.

US: NFP complexity, problematic structure and Fed benchmarks In September, we see a performance report that is weaker than expected, and a payrolls report in which all good or all bad factors are not together at the same time.

Germany: Possible European reflection of stagflation effect, slowdown in growth As the global supply curve shifts to the left, we can say that production trends will suffer as much as inflationary effects.

US: ADP points to private sector employment above expectations in September Private sector employment increased by 568K in September, according to data released by ADP today. We have obtained stronger data than the market expectation of 428K and the revise

Turkey: Energy costs pose additional risk as inflation accelerates Consumer prices in Turkey increased by 1.25% in September, while annual inflation was 19.58%. While the increase in energy costs put pressure on inflation to accelerate, the core C

Turkey: Foreign trade deficit 2.60 billion USD in September According to the leading September foreign trade data announced by the Ministry of Commerce within the scope of GTS (general trade system); Compared to the same month of the previo

US: Fed tapering details on PCE items Annual core PCE, the Fed's preferred measure of inflation, rose 3.6% year-on-year in August, as expected.

Turkey: Manufacturing PMI drops to 52.5 in September According to the data announced by the Istanbul Chamber of Industry (ISO) and IHS Markit; Manufacturing PMI fell to 52.5 from 54.1 in September.

Turkey: Tax cut on TRY deposit extends until the end of 2021 According to the decree published in the Official Gazette, the tax advantage in lira deposit accounts has been extended until the end of the year.

Turkey: Economic confidence rises in September The economic confidence index in Turkey, which was 100.8 in August, rose to 102.4 in September.

Germany: General elections, coalition options and the German economy, Euro The German elections, which will take place on Sunday, September 26, will be one of the most influential developments in terms of the future economy in terms of the EUR.

Turkey: Manufacturing industry capacity utilization increases in September Despite a mixed course compared to the previous month, the September real sector confidence index data announced by the Central Bank still maintains a strong trend.

CBRT: Unexpected rate cut, risk of lira volatility The Central Bank unexpectedly lowered the benchmark interest rate to 18%.

China: Evergrande coupon payment and beyond Today, the $83.5 million debt settlement of Evergrande's 5-year USD bond will be looked at. If the coupon payment is missed, it defaults within 30 days.

Fed: Tapering to start soon, rate hike more likely to be in 2022 The FOMC statement shows that the Fed will taper now unless a major economic shock spreads and disrupts business.

US: Price effect on home sales According to the housing sales data we looked at to spend some time before the Fed; In second hand house sales, it is seen that buyers make less purchases due to the weak housing i

China: Evergrande interest payment issue and fear of contagion Evergrande's onshore subsidiary has announced that it will pay interest on the bond payments, but the details of the coupon payments are not clear.

CBRT: Policy easing questions on core inflation focus Although we do not expect an interest rate change from the CBRT's meeting to be held tomorrow, due to the current financial market stress and the continuing high pressure of inflat