Free Trial
THB

Baht Outperformance Trend Stalls

AUD

Eyeing Thursday Session Highs

US TSYS

Narrow Start

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Nebati Says Interest Rates Shouldn’t Be Raised

TURKEY
  • If production and employment are prioritized, interest rates shouldn’t be raised, Treasury and Finance Minister Nebati told Daily Milliyet in an interview. “In the fight with inflation, if you move with very traditional policies and hit the brakes too hard, it would prevent the increase in exports, production, investment and employment that we’re proud of”, he said.
  • Citing data released by the central bank, Ekonomi report that the growth rate of commercial loans was 28.85% in January, outstripped by a growth rate of 65.65% in consumer loans in the same period.
  • Turkish capacity utilization fell slightly to 75.3% in January from 76.4% in December, while manufacturing confidence rose to 101.7 in January from 97.8 prior. President Erdogan will chair a National Security Council meeting at 1200 GMT/1500 local time.
127 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • If production and employment are prioritized, interest rates shouldn’t be raised, Treasury and Finance Minister Nebati told Daily Milliyet in an interview. “In the fight with inflation, if you move with very traditional policies and hit the brakes too hard, it would prevent the increase in exports, production, investment and employment that we’re proud of”, he said.
  • Citing data released by the central bank, Ekonomi report that the growth rate of commercial loans was 28.85% in January, outstripped by a growth rate of 65.65% in consumer loans in the same period.
  • Turkish capacity utilization fell slightly to 75.3% in January from 76.4% in December, while manufacturing confidence rose to 101.7 in January from 97.8 prior. President Erdogan will chair a National Security Council meeting at 1200 GMT/1500 local time.