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Trade Deficit Widens in December; Bankers Expecting Further Steps from CBRT

TURKEY
  • Turkey's trade deficit widened slightly to $6.039bln (Est: -$6.10bln) in December from a revised -$5.934bln in November, according to the Turkish Statistical Institute. Exports rose 0.4% y/y while imports fell 11.0% y/y.
  • Bankers are waiting for additional steps from the central bank following steps taken on reserve requirement ratios earlier in the week, according to Dunya. Issuing quarterly liquidity bills, Open Market Operation transactions, selling government bonds to banks and pursuing a more active liquidity policy are the others steps expected.
  • Turkey targets $60bln of tourism revenue and 60m visitors in 2024, the nation’s Culture & Tourism Minister said this morning. In 2023, tourism revenue rose 17% to $54.3bln.
  • Treasury & Finance Minister Mehmet Simsek will address industrialists in Istanbul at 12:00GMT/15:000 local time.
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  • Turkey's trade deficit widened slightly to $6.039bln (Est: -$6.10bln) in December from a revised -$5.934bln in November, according to the Turkish Statistical Institute. Exports rose 0.4% y/y while imports fell 11.0% y/y.
  • Bankers are waiting for additional steps from the central bank following steps taken on reserve requirement ratios earlier in the week, according to Dunya. Issuing quarterly liquidity bills, Open Market Operation transactions, selling government bonds to banks and pursuing a more active liquidity policy are the others steps expected.
  • Turkey targets $60bln of tourism revenue and 60m visitors in 2024, the nation’s Culture & Tourism Minister said this morning. In 2023, tourism revenue rose 17% to $54.3bln.
  • Treasury & Finance Minister Mehmet Simsek will address industrialists in Istanbul at 12:00GMT/15:000 local time.