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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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Free AccessCurrent Account Deficit Widens Beyond Expectations in April
- Turkey’s current account deficit widened to $5.404bln (Est: -$4.38bln) in April from a revised -$4.903bln in March, according to data from the central bank. The shortfall was driven by a goods deficit of $7.01bln, though services recorded a $2.92bln surplus, driven by travel.
- The adjusted unemployment rate rose to 10.2% in April from revised 10.1% in March, according to data from the Turkish Statistical Institute.
- Ekonomi report that the banking sector has sped up increasing deposit interest rates in order to meet targets set out as per macroprudential measures. Reaching an average of 37.39% in the week of June 2, interest rates on TRY deposits with a maturity of up to 3 months increased to 47% last week, according to sector sources.
- A commission will start working on the interim increase in the minimum wage on Tuesday, Hurriyet report. The public expectation is that the minimum wage to be increased to TRY11000 from TRY8506.
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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.