Free Trial

CBRT Seen Staying Put, Despite CPI Nearing 80%

TURKEY
  • The CBRT are today seen keeping rates unchanged at 14.00%, looking through inflation that looks likely to top 80% in the coming months. Full MNI preview including summary of sell-side analyst views found here: https://marketnews.com/mni-cbrt-preview-july-2022-...
  • Following Iranian opposition to further operations in Syria by Turkey, foreign minister Cavusoglu has warned that Turkey does not need permission from anybody to carry out such operations, which now seem likely following Erdogan’s warnings and comments from the past few months.
  • Dunya today reports that recession concerns have increased among exporters, especially at companies that work intensively with European firms – who are now in danger of not being able to pay their debts due to possible turnover losses.
  • Recession concerns in global markets and slowdown signals from Europe started to show their effects in Turkey. Especially companies that work intensively in Europe are in danger of not being able to pay their debts due to possible turnover losses.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.