MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Banking Regulator Takes Measures to Slow Consumer Loans; Manufacturing PMI Falls in June

TURKEY
  • Turkey’s manufacturing PMI fell to 49.9 from 51.5 in June – the lowest reading since December 2022. New Orders fell to 48.4 versus 50.2 the month prior.
  • Turkey has removed credit card instalment plans for spending on airfare, travel agencies and accommodation related to foreign travel, according to decision released by banking regulator BDDK. The BDDK separately introduced regulation making it more costly to extend consumer loans by raising the risk weight of consumer loans, personal credit cards and car loans in capital adequacy ratio calculations. Last week, CBRT governor Erkan said credit tightening measures support the hikes delivered since June.
  • Lira deposit rates have been falling since the central bank’s June MPC decision, Ekonomi report. Average three-month lira deposit rates, which decreased to 30% as of July 21, fell below 25% this week, according to Ekonomi’s banking sector sources.
  • The central bank is expected to meet with business groups from different sectors of the economy in the coming days having met with the Turkish Industry and Business Association (TUSIAD) yesterday.
  • There are no more major economic releases on the docket today. Looking ahead, CPI is the key release of the week Thursday morning (Est: +46.80% y/y; Prior: +38.21%).
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.