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EU Hits Turkey with 4.8%-7.6% Levies; Locals Skeptical of CPI Numbers

TURKEY

LOCAL NEWS

  • EU hits Turkey weather Tariffs of 4.8%- 7.6% on hot rolled steel in line with dumping allegations and vary between exporters.
  • Levies are provisional for 6-months, may be prolonged - bbg
  • Local lecturer specialising in banking & insurance notes basic food basket prices have increased 33% YoY, contrary to TurkStat's 20.6% print.
  • Survey shows 51% of the population believe inflation is above 30% YoY and an ENAG Research report showed CPI at 36.7% - Ahval
  • Turkish banking regulator (BDDK) working to align vague market manipulation regulations to EU standards.
  • Revisions will come in form of by laws aimed at clarifying legislation in line with the move towards policy orthodoxy/predictability.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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