MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

CBRT Take Further Steps to Rein In Credit Growth

TURKEY
  • The CBRT have taken further steps on the functionality of market mechanisms and credit channels, by reducing the monthly limits applied to TRY-denominated commercial loans (to 2.5%, from 3.0%) while supporting further exporters’ access to finance. Rates applying to cash withdrawals from credit cards, short-term loans and deposit accounts were also lifted.
  • Turkey is receive the South Korean foreign minister later this week, triggering talks on bilateral cooperation between the two countries. The ministers are set to discuss infrastructure, defense, power plants and earthquake reconstruction pledges made by South Korea earlier this year.
  • Capacity utilization nudged higher to 77.1% from 76.8% in July, while real sector manufacturing confidence fell on both a seasonally adjusted and non-seasonally adjusted basis.
  • Late yesterday, President Erdogan issued a warning to Turkish business, urging companies not to make “unfair gains” by taking advantage of inflation. He also stated his government are increasing efforts to rein in price manipulation in car markets. The comments follow a cabinet meeting that concluded yesterday.
  • Parliament is set to convene to discuss the opposition motion for an extraordinary meeting on the economy. Later today, Erdogan is to host the Palestinian Authority President. The Treasury is also set to sell USD and sukuk bonds domestically.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.