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CBRT's Kavcioglu Speaks on The Turkish Economy

TURKEY

CBRT Gov Kavcioglu on the Wires

  • Portfolio flows to ems display fluctuating course
  • Dollar index strengthening resulted in EMFX declines
  • Lead indicators show turkey economic activity strong
  • Says uncertainty in course of pandemic continues
  • Turkey durable goods demand seen slowing down
  • Turkish companies plan to boost capex, surveys show
  • Corporate loan rate fall seen supporting investments
  • Turkey non-farm employment started to pick up
  • Turkey trade balance with Europe now in surplus
  • Turkey current account recovery expected to continue
  • C/a improvement to positively impact risk premia
  • Turkey cenbank targets to continue FX accumulation
  • Tight policy impact on loans, turkey demand continues
  • Annual core CPI decelerated in 3Q from last year
  • Says Turkey also observing global food price increase
  • Turkey 4Q domestic demand seen to be more moderate
  • Says supply issues pressure Turkey inflation
  • Money market O/N rates in line with benchmark rate
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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