MNI BRIEF: Japan Q1 GDP To Fall 0.4% Q/Q; Annualised -1.6%

MNI BRIEF: Canada Opposition Leader Removed From Legislature

CANADA Q1 FLASH ANNUALIZED GDP +2.5%, +0.6% QOQ

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

Small upward revision to UK manufacturing PMI; little market impact

MNI: UK APR FINAL MANUFACTURING PMI 49.1 (FLASH 48.7); MAR 50.3

KOF Points Towards Ongoing Robustness But No Strong Boost

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TL/Commercial Deposit Interest Rates Continues to Diverge

TURKEY
  • Ekonomim report that the difference between interest rates on lira deposits and commercial loans continues to widen in favour of deposits. Lira deposit interest rates are expected to exceed 30% in the next two weeks. After the Central Bank's continued macroprudential measures and policy rate cuts, the average commercial loan interest rate of banks fell to its lowest level since Oct 2020. On the other hand, the rise in TL deposit interest continues.
  • The Minimum Wage Determination Commission held its first meeting this week. The government side is expected to offer an increase to more than 8,000 liras, Ekonomim report.
  • Turkish industrial production rebounded in October, expanding by +2.4% m/m and outpacing forecasts of a -0.7% m/m contraction. This was a swift recovery from the -1.6% m/m fall in September, with production increasing by +2.5% y/y.
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.