According to the leading December foreign trade data announced by the Ministry of Commerce within the scope of GTS (general trade system); Compared to the same month of the previous year, exports increased by 15.97% to 17.84 billion USD, while imports increased by 11.75% to 22.41 billion USD in the same period. In this context, the foreign trade deficit decreased by 2.17% in December to 4.57 billion USD. ... Devamı
According to the GTS (General Trade System) foreign trade data of November, which was announced by TURKSTAT in cooperation with the Ministry of Trade; Turkey's exports in November 2020 decreased by 0.9% compared to the same period of the previous year to USD 16.09 billion, while imports increased by 15.9% in the same period amounted to 21.13 billion USD. ... Devamı
Investors' attention will be on the “CBRT Exchange and Monetary Policy in 2021” presentation that will be announced tomorrow. CBRT President Mr. Naci Ağbal will make a presentation in the online conference, where investors will try to get an idea of the CBRT's policy stance in the broad term and to understand whether the Bank will increase the interest rates even more. Following the unexpectedly high November CPI data, the necessity of the Central Bank to raise the interest rates on December 24, which is the closest MPC, and whether it will do so is currently the main issue. ... Devamı
According to the leading November foreign trade data announced by the Ministry of Trade within the scope of GTS (general trade system); Compared to the same month of the previous year, exports decreased by 0.95% to 16.09 billion USD, while imports increased by 16.07% to 21.16 billion USD in the same period. In this context, the foreign trade deficit increased by 155.37% in the November period, reaching 5.07 billion USD. ... Devamı
According to the October GTS (General Trade System) foreign trade data announced by TURKSTAT in cooperation with the Ministry of Trade; Turkey's exports increased by 5.6% in October 2020 compared to the same period of the previous year to 17.33 billion USD, while imports increased by 8.4% in the same period to 19.70 billion USD. ... Devamı
The summary of the Fed meeting earlier this month revealed that U.S. central bank officials are discussing ways to transfer more money to the economy still recovering from the coronavirus outbreak. In an environment where the political power is changing in the USA, the possibility of delay in the fiscal stimulus package increases the possibility that the Fed may take action or verbal guidance regarding the nature of the bond purchases in the next meeting. ... Devamı
The BRSA has taken the expected step, and abolished the asset ratio criterion, which was introduced to provide credit growth for banks. According to the BRSA statement, the asset ratio will be canceled by the end of the year. In order to meet the asset ratio criterion and not to be subject for a penalty, banks tended to lend more as the easiest way to achieve the ratio and, accordingly, were forced to ease the risk criteria for lending. ... Devamı
In order to simplify the operational framework of the monetary policy, starting from 20 November 2020, the funding currently provided by the Central Bank via traditional method repo auctions with one month maturity and late liquidity window facilities will instead be provided via quantity repo auctions with one-week maturity, which constitute the principal monetary policy tool of the Central Bank. ... Devamı
its first meeting under the management of the new Governor Mr. Naci Ağbal, in line with the expectations of the financial markets, Central Bank, raised the policy rate by 475 basis points to 15%. In addition to the increase in the policy rate, a simplification was also realized, establishing the “1-week repo rate” as the main policy tool. ... Devamı
According to the October budget data announced by the Ministry of Treasury and Finance; The budget balance, which had a deficit of 29.7 billion TRY in September 2020, had a deficit of 4.9 billion TRY in October 2020. The budget had a deficit of 14.9 billion TRY in the same period last year. (Tera Yatırım) ... Devamı
As a continuation of the recent normalization steps taken, the BRSA stretched the limits previously imposed on the total amount of foreign currency swap, forward, option and other similar derivative transactions of banks with non-residents. The banks' limit to sell TRY (as a ratio to equity) increased; ... Devamı
The Fed will announce the decisions of the November FOMC meeting tomorrow. It is unlikely that the Fed will take any steps or change its orientation at this meeting, as the process of the US elections is ongoing, where the political structure is not clear, and will probably not be clear by the end of the week. ... Devamı
Turkey’s consumer prices increased by 2.13% in October, while annual inflation was realized as 11.89%. Our expectation was 2.10% monthly and 11.90% annually, and the economists who participated in the Bloomberg survey expected an inflation rate of 2.15% on a monthly basis and 11.97% annually. Incoming data are in line with expectations… We observe that the effect of the exchange rate increase on October inflation rates has a more meaningful reflection. ... Devamı
According to the leading October foreign trade data announced by the Ministry of Commerce within the scope of GTS (general trade system); Compared to the same month of the previous year, exports increased by 5.62% to 17.33 billion USD, while imports increased by 8.54% in the same period and amounted to 19.73 billion USD. In this context, the foreign trade deficit increased by 35.67% in the October period, reaching 2.40 billion USD.(Tera Yatırım) ... Devamı
