FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

New Report Estimates Total Cost of Earthquakes at TRY2trln

TURKEY
  • The slowdown in loan supply has increased in recent weeks due to the tightening of regulations and election uncertainty, Ekonomi report. Banking sources stated that when the limit of TRY70000, which is exempt from the regulations on consumer loans, has not been exceeded, the banking sector instead directs their customers to overdraft accounts.
  • A report submitted to parliament by the Turkish Presidency estimated the total cost of the February earthquakes at TRY2trln (approximately $39b), the Daily Milliyet report. Each ministry separately calculated the damages from the tremors and funds needed to repair those damages.
  • President Erdogan will attend the opening of the Istanbul Finance Center at 1200BST/1400 local time while the Treasury and Finance Ministry will publish budget balance data for March at 0900BST/1100 local.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.