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TURKEY: CBRT to Step Up Meetings With Local Business Leaders

TURKEY
BulletEM BulletEmerging Market News
  • Central bank officials will step up meetings with local business leaders this year, seeking to improve policy communication at the start of what’s expected to be a lengthy interest-rate cutting cycle, Bloomberg report. The plan suggests monetary officials, along with Treasury and Finance Minister Mehmet Simsek, are listening to criticism that they have focused too much attention on foreign investors, Bloomberg write.
  • Monthly retail inflation data for Turkey’s largest city has been revised, Ekonomi report. The new index will be published starting Feb 1, with the number of main spending groups increased to 12 from 8 and the number of items increased to 493 from 242.
  • Turkey's seasonally and calendar adjusted industrial production rose 2.9% m/m in November versus -0.9% in October, according to the Turkish Statistical Institute. On a year-on-year basis, industrial production rose 1.5% compared to -3.1% prior. Meanwhile, the adjusted unemployment rate fell to 8.6% in November from a revised 8.7% in October.
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  • Central bank officials will step up meetings with local business leaders this year, seeking to improve policy communication at the start of what’s expected to be a lengthy interest-rate cutting cycle, Bloomberg report. The plan suggests monetary officials, along with Treasury and Finance Minister Mehmet Simsek, are listening to criticism that they have focused too much attention on foreign investors, Bloomberg write.
  • Monthly retail inflation data for Turkey’s largest city has been revised, Ekonomi report. The new index will be published starting Feb 1, with the number of main spending groups increased to 12 from 8 and the number of items increased to 493 from 242.
  • Turkey's seasonally and calendar adjusted industrial production rose 2.9% m/m in November versus -0.9% in October, according to the Turkish Statistical Institute. On a year-on-year basis, industrial production rose 1.5% compared to -3.1% prior. Meanwhile, the adjusted unemployment rate fell to 8.6% in November from a revised 8.7% in October.