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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.
TURKEY
MNI (London)
TURKEY NOV CONSUMER CONFIDENCE 76.6; OCT 76.2
- Turkish consumer confidence recorded a fifth consecutive month of improvement in November, up 0.4 points at 76.6, yet remaining deeply pessimistic under the 100 threshold.
- Confidence levels are currently broadly in line with Q3 2021 levels, shortly before the Q4 2021 dive in the lira.
- Sentiment has largely improved on the back of 12-month economic expectations, whilst personal finance outlooks and spending expectations suffered further in November as inflation continues to soar. The latest October data recorded +85.5% y/y.
- The CBRT is largely anticipated to deliver another 150bp cut to the one-week repo rate on Thursday, in line with calls from President Erdogan for single-digit rates. This unorthodox approach implies little relief for headline CPI, which will continue to weigh on sentiment.
Source: Turkstat
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.
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