Uluslararası

 We see that Lagarde did not provide a new clarification for the ECB’s statements, which are not very clear except for the July rate hike band. Lagarde, who mainly sees inflation risks on the upside, creates a flexible space for his post-September plan. At this point, in the post-September planning,...

Inflation expectation channel… According to May inflation data, the CPI increased by 73.5% on an annual basis, while the increase in PPI was 132.2% in the same period. The level of inflation and the expectation channel, which increases the signs of deterioration from month to month, cause many international organizations to...

Nominal and real rates, inflation expectations… Conditions are created for the Fed to tighten policy both by increasing interest rates and by quantitative tightening. Real rates and inflation expectations are being watched carefully for signs that inflation is approaching its peak. Bond yields weighed on the rise after the latest US...

Teknopark İstanbul’un Kuluçka Merkezi Cube Incubation‘da yer alan yapay zeka odaklı girişimciler ile iş dünyasından önemli firma temsilcilerinin ve yatırımcıların bir araya geldiği “Açık Kapı: İş Dünyası ile Buluşma” etkinliklerinin dördüncüsü gerçekleşti.  Türkiye girişimcilik ekosisteminin en büyük destekçilerinden Teknopark İstanbul, kuluçka merkezi Cube Incubation aracılığıyla gerçekleştirdiği girişimci-yatırımcı ve firma buluşmasının...

In an environment where central banks approach monetary policy from opposing perspectives, the European Central Bank (ECB)’s statements and updates tomorrow may indicate an important turning point. The Bank will update its macro forecasts, especially inflation, at its June policy meeting. The fact that will come to the fore more...

Food inflation factors… While global inflation is heavily affected by commodity prices, food inflation stands out as one of the biggest triggers for this. Although the Russia-Ukraine war seems to be the most important cause of food inflation, it is not the only reason, but rather a phenomenon that worsens the...

According to the monthly data of the BRSA; While the total profit of Turkish banks was 98.2 billion liras in the January-April period, it was 20.7 billion liras in the same period of last year.   ·        Ave. NPL ratio was 2.75%, versus 3.74% last year. ·        Ave. standard capital adequacy ratio...

In May, the ISM services index fell more than expected to 55.9 from 57.1. The 12-month average is 61.2, reflecting continued strong growth in the service sector. But this month’s reading is the lowest since February 2021. The May reading shows the service sector growing for the 24th consecutive month....

After a revised 436K gain in April, nonfarm payrolls increased by 390K last month. The unemployment rate remained at 3.6% and the labor force participation rate increased from 62.2% to 62.3%. The median forecast of economists was a 318K increase in employment and a decrease in the unemployment rate to...

Annual inflation in Turkey increased from 70% in April to 73.5% in May, its fastest rise since reaching triple digits in the 1990s. We observe that inflation, which was 2.98% on a monthly basis, slightly above our 2.4% expectation and below the market’s overall 4% expectation, at the level of...

According to the weekly data of the Central Bank of the Republic of Turkey, total foreign currency deposits decreased by 1.01 billion in the week of May 27, adjusted for the parity effect. Compared to the previous week, foreign currency deposits of real persons decreased by 751 million dollars, while...