MNI China Daily Summary: Wednesday, March 12

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MNI: US FEB SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.215%

MNI: US FEB CPI 0.2%, CORE 0.2%; CPI Y/Y 2.8%, CORE Y/Y 3.1%

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GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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TURKEY: Current Account Deficit Narrows Less Than Anticipated in January

TURKEY
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  • Turkey's current account deficit narrowed less than expected in January. The shortfall stood at $3.795bln in January compared to a deficit of $4.65bln in December, according to data from the central bank. A narrower deficit of $3.20bln was expected.
  • Commenting on the data, Treasury and Finance Minister Mehmet Simsek said on X: “We expect the current account deficit, which we expect to increase in the coming period, to remain at a sustainable level of $28.6 billion throughout the year, below the MTP estimate and 2 percent of national income.”
  • President Recep Tayyip Erdogan meets Poland’s Prime Minister Donald Tusk in Ankara today. The pair are set to discuss defence and security co-operation, while Tusk is said to want to gauge whether his host would send peacekeepers or provide security guarantees to Ukraine.
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  • Turkey's current account deficit narrowed less than expected in January. The shortfall stood at $3.795bln in January compared to a deficit of $4.65bln in December, according to data from the central bank. A narrower deficit of $3.20bln was expected.
  • Commenting on the data, Treasury and Finance Minister Mehmet Simsek said on X: “We expect the current account deficit, which we expect to increase in the coming period, to remain at a sustainable level of $28.6 billion throughout the year, below the MTP estimate and 2 percent of national income.”
  • President Recep Tayyip Erdogan meets Poland’s Prime Minister Donald Tusk in Ankara today. The pair are set to discuss defence and security co-operation, while Tusk is said to want to gauge whether his host would send peacekeepers or provide security guarantees to Ukraine.