Obbligazioni valute high yield TURCHIA bond in usd e lira turca (1 Viewer)
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2K2
We will arrive in the fog
Turchia-Germania: ministro Economia Habeck da oggi ad Ankara
Berlino, 26 ott 08:00 - (Agenzia Nova) - Il ministro dell'Economia e della Protezione del clima tedesco, Robert Habeck, è da oggi ad Ankara per una visita di due giorni. Al centro del viaggio, i rapporti economici tra Germania e Turchia nonché la cooperazione tra i due Paesi nei settori sia dell'energia sia della tutela dell'ambiente. (Geb)
pietro17elettra
Nonno pensionato
CENTRAL BANK DATA
The Central Bank will release its weekly data on money and bank (1130 GMT).
ISTANBUL SHARES FALL
Shares in Istanbul dropped 7% on Wednesday in a slide that traders attributed to comments by President Erdogan on the Gaza conflict, including saying the Palestinian militant group Hamas was not a terrorist organisation.
The Central Bank will release its weekly data on money and bank (1130 GMT).
ISTANBUL SHARES FALL
Shares in Istanbul dropped 7% on Wednesday in a slide that traders attributed to comments by President Erdogan on the Gaza conflict, including saying the Palestinian militant group Hamas was not a terrorist organisation.
pietro17elettra
Nonno pensionato
RPT-POLL-Turkish central bank expected to raise rates to 35% on Oct. 26
Oggi 08:50 - RSF
(Repeats with no changes to text)
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reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRCPIAP
inflation poll data
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reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRGDPAP
GDP poll data
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reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=TRINT%3DECI
MPC poll data
By Ezgi Erkoyun
ISTANBUL, Oct 23 (Reuters) - Turkey's central bank is expected to deliver another hefty rate hike of 500 basis points this week, a Reuters poll of economists showed on Monday, as it continues to tighten policy against rising inflation.
After years of pursuing loose policy, the central bank reversed course after May's election and began hiking rates to bring down inflation, which touched 61.5% in September.
The median estimate of 20 economists in a Reuters poll for the policy rate was 35%, up from the current 30%. Four economists forecast a hike of 250 basis points and one expected a lift of 300 basis points.
"The central bank's focus has remained on anchoring inflation expectations and achieving disinflation ... (A hike to 35%) would lead to a positive ex-ante real policy rate based on the 33% inflation forecast for 2024 in the medium-term plan," ING wrote in a research note.
Since June, the central bank has turned its focus from economic growth to disinflation and lifted its policy rate by 2,150 basis points while other macroprudential measures such as credit tightening to cut domestic demand were also put in place.
The median forecast in the poll for the year-end policy rate was 35%. The central bank is expected to hike rates further to 40% in the first half of next year, the poll also showed.
Further depreciation in the Turkish lira and increases in taxes and fees have fanned inflation, eating into Turks' savings despite tighter monetary policy.
Despite expected interest rate hikes, inflation was seen remaining elevated through the rest of this year, ending 2023 at 69.3%, the median of the poll of 10 institutions showed.
Estimates in the Reuters poll ranged between 64.6% and 73.0%.
Inflation is forecast to stand at 43.4% at end-2024 and 25.3% at end-2025 according to the poll.
It touched a 24-year high of 85.5% last year after interest rate cuts sparked a currency crisis, sending the lira down 44% in 2021 and another 30% in 2022. The lira has lost more than 30% of its value so far this year.
In the poll, Turkey's economy is expected to grow 4% this year, according to the median of 33 economists, with the help of domestic demand in the first half despite devastating earthquakes, monetary tightening and a global slowdown. The government had forecast growth of 4.4% this year.
The median growth forecast stood at 2.9% for 2024 and 3.8% for 2025 in the poll, compared to the government's forecast of 4.0% and 4.5% respectively.
Turkey's current account deficit in 2023 is expected to be 4.6% of gross domestic product, the median forecast showed, compared to a government forecast of 4%.
The deficit was seen at 3.1% in 2024 and 2.5% in 2025, compared to government predictions published in September of 3.1% and 2.6%, respectively.
(For other stories from the Reuters global economic poll: (news)
)
(Polling by Sujith Pai and Prerana Bhat in Bengaluru; Writing by Ezgi Erkoyun and Alison Williams)
(([email protected]; +90 212 350 7051))
Oggi 08:50 - RSF
(Repeats with no changes to text)
*
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRCPIAP
inflation poll data
*
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRGDPAP
GDP poll data
*
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=TRINT%3DECI
MPC poll data
By Ezgi Erkoyun
ISTANBUL, Oct 23 (Reuters) - Turkey's central bank is expected to deliver another hefty rate hike of 500 basis points this week, a Reuters poll of economists showed on Monday, as it continues to tighten policy against rising inflation.
After years of pursuing loose policy, the central bank reversed course after May's election and began hiking rates to bring down inflation, which touched 61.5% in September.
The median estimate of 20 economists in a Reuters poll for the policy rate was 35%, up from the current 30%. Four economists forecast a hike of 250 basis points and one expected a lift of 300 basis points.
"The central bank's focus has remained on anchoring inflation expectations and achieving disinflation ... (A hike to 35%) would lead to a positive ex-ante real policy rate based on the 33% inflation forecast for 2024 in the medium-term plan," ING wrote in a research note.
Since June, the central bank has turned its focus from economic growth to disinflation and lifted its policy rate by 2,150 basis points while other macroprudential measures such as credit tightening to cut domestic demand were also put in place.
The median forecast in the poll for the year-end policy rate was 35%. The central bank is expected to hike rates further to 40% in the first half of next year, the poll also showed.
Further depreciation in the Turkish lira and increases in taxes and fees have fanned inflation, eating into Turks' savings despite tighter monetary policy.
Despite expected interest rate hikes, inflation was seen remaining elevated through the rest of this year, ending 2023 at 69.3%, the median of the poll of 10 institutions showed.
Estimates in the Reuters poll ranged between 64.6% and 73.0%.
Inflation is forecast to stand at 43.4% at end-2024 and 25.3% at end-2025 according to the poll.
It touched a 24-year high of 85.5% last year after interest rate cuts sparked a currency crisis, sending the lira down 44% in 2021 and another 30% in 2022. The lira has lost more than 30% of its value so far this year.
In the poll, Turkey's economy is expected to grow 4% this year, according to the median of 33 economists, with the help of domestic demand in the first half despite devastating earthquakes, monetary tightening and a global slowdown. The government had forecast growth of 4.4% this year.
The median growth forecast stood at 2.9% for 2024 and 3.8% for 2025 in the poll, compared to the government's forecast of 4.0% and 4.5% respectively.
Turkey's current account deficit in 2023 is expected to be 4.6% of gross domestic product, the median forecast showed, compared to a government forecast of 4%.
The deficit was seen at 3.1% in 2024 and 2.5% in 2025, compared to government predictions published in September of 3.1% and 2.6%, respectively.
(For other stories from the Reuters global economic poll: (news)
)
(Polling by Sujith Pai and Prerana Bhat in Bengaluru; Writing by Ezgi Erkoyun and Alison Williams)
(([email protected]; +90 212 350 7051))
2K2
We will arrive in the fog
Giovedì la Banca Centrale della Repubblica di Turchia (CBRT) ha alzato il tasso repo di riferimento a una settimana di 500 punti base, portandolo dal 30% al 35%, in linea con le aspettative del mercato, riaffermando il suo ciclo di inasprimento monetario a seguito dell'inversione a U delle politiche economiche.
"Il Comitato ha deciso di continuare il processo di inasprimento monetario per stabilire il percorso di disinflazione il prima possibile", ha dichiarato la banca in una dichiarazione dopo la riunione del Comitato di politica monetaria (MPC).
Ha inoltre aggiunto che il meccanismo di trasmissione monetaria sarà ulteriormente rafforzato adottando ulteriori misure per aumentare la quota dei depositi in lire turche.
(Daily Sabah)
"Il Comitato ha deciso di continuare il processo di inasprimento monetario per stabilire il percorso di disinflazione il prima possibile", ha dichiarato la banca in una dichiarazione dopo la riunione del Comitato di politica monetaria (MPC).
Ha inoltre aggiunto che il meccanismo di trasmissione monetaria sarà ulteriormente rafforzato adottando ulteriori misure per aumentare la quota dei depositi in lire turche.
(Daily Sabah)
Wallygo
Forumer storico
sono passati da una politica economica scellerata (come voleva Erdogan) ad una politica super ortodossa... ci vorrà del tempo affinchè i mercati riprendano la fiducia sulla banca centrale turca .... evidentemente qualcuno ha 'urlato' a Erdogan di smetterla di occuparsi di politiche monetarie pena il collasso totale del cambio
fabriziof
Forumer storico
Super ortodossa ? Magari ! non scherzavo prima ,i tassi salgono ancora troppo poco ,infatti l’inflazione non demorde ,la lira non si apprezza ,serve una cura da cavallo!
2K2
We will arrive in the fog
è quello che stanno facendo sia Erkan che Simsek
se pensi che prima c'era il tasso al 9 adesso siamo già al 35 %