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Vice President to Meet Investors in London

TURKEY
  • In a post on X, Mehmet Simsek wrote: “Deliberate news is being circulated to create uneasiness and distrust in the markets. We have clearly laid out the policies we will implement in our Medium Term Program. Our rule-based and predictable policies will continue in the post-election period as well.”
  • Turkish Vice President Cevdet Yilmaz will meet with investors in London during an event at the Turkish embassy, as well as UK Deputy PM Oliver Dowden and EBRD President Odile Renaud-Basso.
  • Ekonomi report that normalisation steps in monetary policy have been reflected in the lira bond market, noting that the spread between Turkey’s 2-year benchmark bond and 10-year benchmark bond rose to a record level of 17 percentage points.
  • There are no economic releases on the docket today, with trade balance data crossing tomorrow (Est: -$6.20bln; Prior: -$6.04bln) and preliminary GDP data for Q4-2023 released Thursday morning (Est: +3.5% Y/Y; Prior: +5.9%).
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