The share of FX liabilities in the Central Bank’s total debt rose from 44 to 67 percent. On Tuesday, I addressed the positive aspects of the...
Banks are now allowed to keep a certain proportion of required reserves for lira deposits in FX. Quite a while ago the Central Bank (CB)...
Since 1960, GDP per capita gap between G7 countries and Turkey has not changed much. As you might remember, in one of last week’s commentaries, I...
So, now it is a greater probability that in the third quarter, growth rate might be weaker than the 2.9 percent in the second quarter. Last week...
The combination of the first three in particular is a new phenomenon for Turkey. New and critical… Over the past two years, Turkey made economic...
The core problem is that, that “medium-term” somehow turns into “infinite-term.” There is no need to put yourself in the line of fire. God forbid...
Is it possible that bureaucrats from the Ministry of Finance and the Treasury did not inform the CB of the plans? Yesterday, inflation figures...
I think, the CB will keep the average funding cost close to the policy interest rate unless exchange rate changes unfavorably. First, tax on...
With a focus on the “moment” these all are right steps towards stability. From a dynamic perspective, however, these are proved wrong. There were...
It seems we will be searching who did wrong as we are keenly interested in identifying wrongdoings and wrongdoers. With the economic growth in...