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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.
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Free AccessTURKEY: Trade Deficit Narrows, Turkey Poised to Be Removed from “Gray List"
- Turkey’s trade deficit stood at $6.502bn (Est: -$6.50bn; Prior: -$9.92bn) in May, according to the Turkish Statistical Institute. Exports rose 11.3% y/y while imports fell 10.4% y/y.
- Turkish households’ 12-month inflation expectations have declined 4.6ppts from the previous month to 71.5%, according to a survey by the central bank. Meanwhile, the real sector’s 12-month expectations rose from the previous month by 0.2ppts to 56.2%
- The anti-money laundering watchdog Financial Action Task Force (FATF) will announce its decision on whether it’ll remove Turkey from its “gray list” today, according to Bloomberg. Bloomberg reported at the end of May that Turkey is poised to be removed from the list as early as this month following its moves to curb illicit money flows.
- Next week, CPI data for June provides the highlight on the local slate. Year-on-year, prices are seen moderating from +75.45% y/y in May to +72.55% y/y.
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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.