MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1059 TUES VS 7.1043

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

Wage Rises on the Agenda, with a Number of Sectors Looking to Boost Pay

TURKEY
  • The government have extended the tax advantages on the TRY deposit scheme until the end of 2022. The tax advantage, known as the ‘stoppage tax discount’ also applies to profits from bonds and sukuk issued by banks. The stoppage tax has been cut to 5% from 10% for asset-backed securities and mortgage-backed securities until year-end.
  • Dunya reports that Page Group sees 80% of companies planning intermediate wage hikes this year, with most companies raising wages by 30-45%.
  • Late yesterday, Erdogan stated that the government will be convening a committee to decide on a mid-year increase to the minimum wage, with an announcement to be made after the President returns from the NATO Summit.
  • Elsewhere, the TOBB President sees a new TRY 150bln credit guarantee fund being prepared for this year. The TOBB see the package as contributing to Turkey’s recovery, and will meet with government ministers on Wednesday to convey the issues raised by business to government.
  • Erdogan today attends the NATO Summit in Spain, but is expected to hold a press briefing before he flies to Madrid. He will be watched for any further comments on the Swedish and Finnish applications to join NATO.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.