Experts forecast 2018 year-end inflation in Turkey to exceed 11 percent

Turkey’s Inflation exceeds expectations in November 2017

In the CBRT (Central Bank) Survey of Expectations, the year-end TÜFE (Consumer Price Index) expectation rose to 11.07 percent from 10.07 percent. While the current year-end TÜFE expectation was 10.07 percent in the previous survey period, it increased to 11.07 percent in this survey period. According to the results of the Central Bank Expectations More...

by BTT | Published 4 days ago
Turkey cannot stop rise in dollar despite increase in interest rates
By BTT On Sunday, May 20th, 2018
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US Dollar gains 5 percent value against Turkish Lira in week commencing May 14

US Dollar Turkish Lira – BusinessTurkeyToday.com Following a period of discomfort in economy US dollar / TL rate went up to 4.4920 last week while the stock market made a premium of 0.55 percent. A gram of More...

Turkey's "Economic Coordination Board" convenes at Presidential Palace in Ankara
By BTT On Thursday, May 17th, 2018
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Turkey’s “Economic Coordination Board” convenes at Presidential Palace in Ankara

“Economic Coordination Board” Meeting at Presidential Palace, Ankara   Due to economic issues that needed urgent attention President ERDOGAN convened the Economic Coordination Board at the Presidential More...

Turkey’s unemployment rate declines to 10.6 percent in February 2018
By BTT On Tuesday, May 15th, 2018
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Turkey’s unemployment rate declines to 10.6 percent in February 2018

People in front of Employment Agency, Turkey   It is reported that unemployment rate in Turkey fell to 10.6 percent in February 2018. Unemployment fell by 2 points compared to the same period of last year, More...

Turkey’s Finance Minister draws attention to substantial increase in tax collection
By BTT On Tuesday, May 15th, 2018
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Turkey’s Finance Minister draws attention to substantial increase in tax collection

Mr. NACI AGBAL, Turkey’s Finance Minister   Turkish economy has been having difficulties for quite a while and it goes without saying budget deficit issue is among the most vital problems for the country. More...

Turkey’s current account deficit exceeds expectations in March
By BTT On Monday, May 14th, 2018
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Turkey’s current account deficit exceeds expectations in March 2018

Vessel carrying export goods from Turkey   On the way to deputy and presidential elections Turkey’s economy has been sending signals not to please the administration. To provide an example, the current account More...

Turkish bankers say banking sector expects a strong growth in 2018
By BTT On Sunday, May 13th, 2018
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Turkish bankers say banking sector expects a strong growth in 2018

Ziraat Bank Branch – Turkey   Despite several major problems its economy has been coping with for a while Turkey’s bankers are hopeful about the performance of the sector in 2018. In fact some of them More...

Turkey’s ISBANK makes TL 1.8 billion net profit in first quarter 2018
By BTT On Saturday, May 12th, 2018
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Turkey’s ISBANK makes TL 1.8 billion net profit in first quarter 2018

Isbank Branch, Turkey   Based on a statement issued by ISBANK, the leading bank of Turkey has increased the value of its assets to TL 370.9 billion in the first 3 months of the year as compared to same period More...

Turkey cannot stop rise in dollar despite increase in interest rates
By BTT On Tuesday, May 8th, 2018
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Turkey cannot stop rise in dollar despite increase in interest rates

US Dollar Turkish Lira – BusinessTurkeyToday.com   The US dollar, which has been steadily rising for three weeks, continues to rise against emerging market currencies with strengthening signals from the More...

Financial markets in Turkey and the rise in US dollar Turkish Lira rate
By BTT On Saturday, May 5th, 2018
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Financial markets in Turkey and the rise in US dollar Turkish Lira rate

Turkish lira keeps losing against US dollar – BusinessTurkeyToday.com   Looking at the data provided by official sources, Turkey’s financial markets did not have a very enjoyable performance last week. More...