What does Istanbul Stock Market promise in 2023?

As we have recently observed, there is a structure supported by the Turkish government in order for the Istanbul Stock Market to move in an upward direction. In this article you will find observations of an expert about the likely development in the Istanbul Stock Market, in 2023.

Turkey has apparently entered the election process. At this point, when we look at the government’s policy, the target is to decrease dollarization, that is, people are asked to keep away from dollarization. In order for this to be achieved, people should be offered an investment alternative with TL return.

However, as observed in the current financial market, policy rates are low, deposit rates are well below inflation.. Here, the only remaining medium for making money on a TL basis seems to be the stock market.

When currency protected deposits were started in November last year, it was thought that this would be an effective method and prevent the dollar from increasing, but of course there is a serious cost burden that it has brought to the treasury. Therefore, the economic management does not want to continue this, but it cannot voice it either. Therefore, the financial authority has gradually started to voice referrals to the stock market side. That is why the stock market will continue to be held up and move forward.

The minimum wage regulation in Turkey has been realized. Of course, in this regulation, the income of all wage earners will have been increased, but not only of the minimum wage earners. All these structures will also cause the inflationary process to continue.”