Obbligazioni valute high yield TURCHIA bond in usd e lira turca (10 lettori)
- Creatore Discussione sentex
- Data di Inizio
2K2
We will arrive in the fog
Secondo Il Financial Times, le politiche messe in atto dal nuovo ministro dell’Economia, l’autorevole economista Mehmet Simsek, starebbero dando i primi risultati: le riserve di valuta estera della Turchia sono aumentate di 14 miliardi di dollari dalla fine di maggio, mentre gli investitori stranieri, che negli ultimi anni hanno in gran parte abbandonato le attività finanziarie turche, hanno immesso nelle ultime settimane 1,3 miliardi di dollari nel mercato azionario.
ADQ, uno dei fondi di investimento statali dell’emirato di Abu Dhabi, negli Emirati Arabi Uniti, ha affermato che fornirà fino a 8,5 miliardi di dollari alla Turchia per sostenere gli sforzi di ricostruzione dopo il grave sisma che lo scorso marzo ha colpito la Turchia e la Siria, provocando la morte di almeno 51mila persone.
ADQ, uno dei fondi di investimento statali dell’emirato di Abu Dhabi, negli Emirati Arabi Uniti, ha affermato che fornirà fino a 8,5 miliardi di dollari alla Turchia per sostenere gli sforzi di ricostruzione dopo il grave sisma che lo scorso marzo ha colpito la Turchia e la Siria, provocando la morte di almeno 51mila persone.
2K2
We will arrive in the fog
Putin’s schedule doesn’t include talks with Erdogan yet — Kremlin
The Turkish leader said on July 14 that Turkey was making preparations for a potential visit by the Russian president in August
tass.com
pietro17elettra
Nonno pensionato
RPT-POLL-Turkey's annual inflation to rebound to 47.3% after tax hikes, lira decline
Oggi 06:24 - RSF
(Repeats with no changes to text)
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reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRCPI%3DECI
for monthly poll
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reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRCPIY%3DECI
for annual poll
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End-2023 forecast at 59.9%
By Ezgi Erkoyun and Ali Kucukgocmen
ISTANBUL, July 28 (Reuters) - Turkey's monthly inflation is seen at 9.1% in July due to various tax hikes and the lira's sharp depreciation, a Reuters poll showed on Friday, and the annual reading is expected to rebound sharply to 47.3% after declining for eight months.
Economists year-end forecasts were also revised sharply higher to 59.9%, as inflation is expected to continue climbing for the rest of the year.
Inflation climbed to a 24-year high of 85.5% in October last year, after a currency crisis due to the central bank's unorthodox rate cuts sent it soaring. It has declined steadily since then but is expected to rise for the remainder of the year.
A steep rise is expected in July after Ankara hiked several tax rates, including value-added tax (VAT), corporate tax and the special consumption tax (OTV) on fuel. The lira's cumulative decline, at 30% so far this year, also pushed prices higher in import-dependent Turkey.
The median estimate of 10 economists in a Reuters poll for monthly inflation stood at 9.1%, with forecasts ranging between 10.6% and 6.4%.
The median estimate for the annual reading in July stood at 47.3%, marking a sharp rise from 38.2% a month earlier.
Forecasts ranged between 43.5% and 49.4%.
The central bank on Thursday more than doubled its year-end forecast to 58%, in line with market expectations, in contrast previous years when the bank's forecasts frequently remained below those of economists.
The median estimate of nine economists for annual inflation at end-2023 stood at 59.9%, in a range of 49.5% and 69.0%.
The central bank has hiked its policy rate by 900 basis points to 17.5% at its two meetings under Governor Hafize Gaye Erkan, but the pace of tightening has remained below market expectations.
Erkan said at a news conference on Thursday that inflation is expected to peak at around 60% in the second quarter of 2024, before beginning to decline.
Under former Governor Sahap Kavcioglu, bank had slashed its policy rate to 8.5% from 19% in 2021, based on Erdogan's economic programme. The cuts sparked a currency crisis and the lira weakened 44% in 2021 in addition to another 30% in 2022, stoking inflation.
Erdogan changed policies after election, which led to the rate hikes and helped the central bank build back its international reserves, which it had used in previous years to support the lira.
The Turkish Statistical Institute will announce July inflation data at 0700 GMT on August 3.
(Reporting by Ezgi Erkoyun and Ali Kucukgocmen; Editing by Daren Butler)
(([email protected] , @alikucukgocmen; +905319306206; Reuters Messaging: Reuters Messaging: [email protected]))
Oggi 06:24 - RSF
(Repeats with no changes to text)
*
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRCPI%3DECI
for monthly poll
*
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TRCPIY%3DECI
for annual poll
*
End-2023 forecast at 59.9%
By Ezgi Erkoyun and Ali Kucukgocmen
ISTANBUL, July 28 (Reuters) - Turkey's monthly inflation is seen at 9.1% in July due to various tax hikes and the lira's sharp depreciation, a Reuters poll showed on Friday, and the annual reading is expected to rebound sharply to 47.3% after declining for eight months.
Economists year-end forecasts were also revised sharply higher to 59.9%, as inflation is expected to continue climbing for the rest of the year.
Inflation climbed to a 24-year high of 85.5% in October last year, after a currency crisis due to the central bank's unorthodox rate cuts sent it soaring. It has declined steadily since then but is expected to rise for the remainder of the year.
A steep rise is expected in July after Ankara hiked several tax rates, including value-added tax (VAT), corporate tax and the special consumption tax (OTV) on fuel. The lira's cumulative decline, at 30% so far this year, also pushed prices higher in import-dependent Turkey.
The median estimate of 10 economists in a Reuters poll for monthly inflation stood at 9.1%, with forecasts ranging between 10.6% and 6.4%.
The median estimate for the annual reading in July stood at 47.3%, marking a sharp rise from 38.2% a month earlier.
Forecasts ranged between 43.5% and 49.4%.
The central bank on Thursday more than doubled its year-end forecast to 58%, in line with market expectations, in contrast previous years when the bank's forecasts frequently remained below those of economists.
The median estimate of nine economists for annual inflation at end-2023 stood at 59.9%, in a range of 49.5% and 69.0%.
The central bank has hiked its policy rate by 900 basis points to 17.5% at its two meetings under Governor Hafize Gaye Erkan, but the pace of tightening has remained below market expectations.
Erkan said at a news conference on Thursday that inflation is expected to peak at around 60% in the second quarter of 2024, before beginning to decline.
Under former Governor Sahap Kavcioglu, bank had slashed its policy rate to 8.5% from 19% in 2021, based on Erdogan's economic programme. The cuts sparked a currency crisis and the lira weakened 44% in 2021 in addition to another 30% in 2022, stoking inflation.
Erdogan changed policies after election, which led to the rate hikes and helped the central bank build back its international reserves, which it had used in previous years to support the lira.
The Turkish Statistical Institute will announce July inflation data at 0700 GMT on August 3.
(Reporting by Ezgi Erkoyun and Ali Kucukgocmen; Editing by Daren Butler)
(([email protected] , @alikucukgocmen; +905319306206; Reuters Messaging: Reuters Messaging: [email protected]))
2K2
We will arrive in the fog
Annual inflation climbs to 47.8 percent in July - Latest News
After eight months of deceleration, the annual inflation rate has climbed from 38.2 percent in June to 47.83 percent in July, data from the Turkish Statistical Institute (TÜİK) showed on Aug. 3.
www.hurriyetdailynews.com
Estratto dall'articolo:
"Abbiamo avviato un processo di inasprimento monetario per ridurre definitivamente l'inflazione. Rafforzeremo ulteriormente la stretta monetaria quanto necessario in modo tempestivo e graduale fino a quando non si otterrà un significativo miglioramento delle prospettive di inflazione", ha dichiarato Erkan il mese scorso.
L'inflazione aumenterà temporaneamente a breve termine in risposta alla correzione dei tassi di cambio e alle misure riguardanti la disciplina fiscale, ha aggiunto.
Gli effetti cumulativi positivi delle decisioni di aumento dei tassi, insieme alle decisioni di inasprimento quantitativo e selettivo della banca alla fine del 2023, inizieranno a farsi sentire e in particolare nella tendenza sottostante dell'inflazione nel secondo trimestre del 2024, ha affermato Erkan.
"Stiamo ponendo con cura le basi per un inizio sostenibile della disinflazione nel 2024".
pietro17elettra
Nonno pensionato
Turchia - Fattori da tenere d'occhio il 4 agosto
Oggi 06:36 - RSF
ISTANBUL, 4 agosto (Reuters) - Ecco le notizie, i rapporti e gli eventi che potrebbero interessare i mercati finanziari turchi nella giornata di venerdì.
La lira
scambiato a 26,9880 contro il dollaro alle 0436 GMT, indebolendosi leggermente dal livello di chiusura di 26,9720 di giovedì.
Il principale indice azionario BIST 100
GLOBAL MARKETS
Le azioni asiatiche sono salite venerdì, mentre il dollaro si è ritirato dal picco di un mese mentre gli investitori hanno fatto il punto sulla sfilza di dati economici statunitensi che hanno mostrato un mercato del lavoro resiliente prima di un cruciale libro paga non agricolo relazione prevista in giornata.
ACCORDO SUL GRANO
Gli Stati Uniti continuerebbero a fare "tutto il necessario" per garantire che la Russia possa esportare liberamente cibo se ci fosse un rilancio di un accordo che consenta l'esportazione sicura del grano ucraino dal Mar Nero.
INCONTRO CON GLI INVESTITORI
Il governatore della Banca centrale turca Hafize Gaye Erkan e il ministro delle finanze Mehmet Simsek partecipano a un incontro con gli investitori tenuto da JP Morgan a Istanbul e dovrebbero descrivere in dettaglio le misure politiche turche dalle elezioni di maggio e definire le loro aspettative.
(Compilato da Daren Butler)
(([email protected]
)
Oggi 06:36 - RSF
ISTANBUL, 4 agosto (Reuters) - Ecco le notizie, i rapporti e gli eventi che potrebbero interessare i mercati finanziari turchi nella giornata di venerdì.
La lira
scambiato a 26,9880 contro il dollaro alle 0436 GMT, indebolendosi leggermente dal livello di chiusura di 26,9720 di giovedì.
Il principale indice azionario BIST 100
GLOBAL MARKETS
Le azioni asiatiche sono salite venerdì, mentre il dollaro si è ritirato dal picco di un mese mentre gli investitori hanno fatto il punto sulla sfilza di dati economici statunitensi che hanno mostrato un mercato del lavoro resiliente prima di un cruciale libro paga non agricolo relazione prevista in giornata.
ACCORDO SUL GRANO
Gli Stati Uniti continuerebbero a fare "tutto il necessario" per garantire che la Russia possa esportare liberamente cibo se ci fosse un rilancio di un accordo che consenta l'esportazione sicura del grano ucraino dal Mar Nero.
INCONTRO CON GLI INVESTITORI
Il governatore della Banca centrale turca Hafize Gaye Erkan e il ministro delle finanze Mehmet Simsek partecipano a un incontro con gli investitori tenuto da JP Morgan a Istanbul e dovrebbero descrivere in dettaglio le misure politiche turche dalle elezioni di maggio e definire le loro aspettative.
(Compilato da Daren Butler)
(([email protected]
)
pietro17elettra
Nonno pensionato
Turkey's economic team holds first investor meeting since policy U-turn
Oggi 11:26 - RSF
By Jonathan Spicer
ISTANBUL, Aug 4 (Reuters) - Turkey's new-look economic team met for the first time with international investors on Friday, with questions over how far it will hike interest rates to head off rebounding inflation high on the agenda.
According to a preliminary programme, the eight-hour meeting in Istanbul was to include Central Bank Governor Hafize Gaye Erkan discussing monetary policy and the economic outlook, and Finance Minister Mehmet Simsek discussing fiscal policy.
The programme obtained by Reuters also showed Burak Daglioglu, head of the presidency's investment office, was to give a presentation on Turkey as "your resilient investment partner".
Reuters reported on Thursday that Wall Street bank JPMorgan was hosting the meeting, which comes two months after President Tayyip Erdogan named Erkan and Simsek to the top positions to orchestrate a U-turn toward more orthodox policies.
The central bank under Erkan has since raised its key rate by 900 basis points to 17.5%, though the pace of tightening missed market expectations. Last week it more than doubled its year-end inflation forecast to 58%, in line with expectations.
Under the previous governor, the bank had slashed rates to 8.5% from 19% in 2021 in line with Erdogan's unorthodox belief that high rates fuel inflation. That sparked a currency crisis and the lira weakened 44% in 2021, 30% in 2022, and another 30% so far this year.
Inflation touched a 24-year peak of 85.5% last October. It subsequently eased but then rose sharply again in July to nearly 48%, data showed on Thursday.
Also scheduled to speak on Friday were Vice President Cevdet Yilmaz, Ziraat Bank CEO and Turkish Banking Association head Alpaslan Cakar, and the heads of Turkey's wealth fund and treasury debt office.
JPMorgan declined to comment on the meeting. The central bank and finance ministry did not immediately comment.
Some foreign investors have edged back into Turkish assets since Erdogan's re-election in May and subsequent U-turn, after a years-long exodus due largely to the unorthodox approach.
Since Erkan delivered a quarterly inflation report last week, investors have said they welcomed prospects of officials holding more regular meetings. The last in-person meeting with a Turkish central bank chief was in late 2022, they said.
(Reporting by Jonathan Spicer; Additional reporting by Karin Strohecker in London; Editing by Daren Butler and John Stonestreet)
(([email protected])
Oggi 11:26 - RSF
By Jonathan Spicer
ISTANBUL, Aug 4 (Reuters) - Turkey's new-look economic team met for the first time with international investors on Friday, with questions over how far it will hike interest rates to head off rebounding inflation high on the agenda.
According to a preliminary programme, the eight-hour meeting in Istanbul was to include Central Bank Governor Hafize Gaye Erkan discussing monetary policy and the economic outlook, and Finance Minister Mehmet Simsek discussing fiscal policy.
The programme obtained by Reuters also showed Burak Daglioglu, head of the presidency's investment office, was to give a presentation on Turkey as "your resilient investment partner".
Reuters reported on Thursday that Wall Street bank JPMorgan was hosting the meeting, which comes two months after President Tayyip Erdogan named Erkan and Simsek to the top positions to orchestrate a U-turn toward more orthodox policies.
The central bank under Erkan has since raised its key rate by 900 basis points to 17.5%, though the pace of tightening missed market expectations. Last week it more than doubled its year-end inflation forecast to 58%, in line with expectations.
Under the previous governor, the bank had slashed rates to 8.5% from 19% in 2021 in line with Erdogan's unorthodox belief that high rates fuel inflation. That sparked a currency crisis and the lira weakened 44% in 2021, 30% in 2022, and another 30% so far this year.
Inflation touched a 24-year peak of 85.5% last October. It subsequently eased but then rose sharply again in July to nearly 48%, data showed on Thursday.
Also scheduled to speak on Friday were Vice President Cevdet Yilmaz, Ziraat Bank CEO and Turkish Banking Association head Alpaslan Cakar, and the heads of Turkey's wealth fund and treasury debt office.
JPMorgan declined to comment on the meeting. The central bank and finance ministry did not immediately comment.
Some foreign investors have edged back into Turkish assets since Erdogan's re-election in May and subsequent U-turn, after a years-long exodus due largely to the unorthodox approach.
Since Erkan delivered a quarterly inflation report last week, investors have said they welcomed prospects of officials holding more regular meetings. The last in-person meeting with a Turkish central bank chief was in late 2022, they said.
(Reporting by Jonathan Spicer; Additional reporting by Karin Strohecker in London; Editing by Daren Butler and John Stonestreet)
(([email protected]
)