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Tag: Sahav Kavtzioglou

‘SOS’ economists: Turkish pound to reach 19 against dollar in coming weeks

The Turkish pound is again the currency with the worst performance against the dollar so far in 2022. Economists at TD Securities expect the dollar / pound exchange rate to be pushed to 19.00 in the...

The monetary crisis of the Turkish pound is deepening: Free fall without brakes in 2022

Attention has been focused on the Turkish pound since late September, as the currency continues to be embroiled in a currency crisis. The Turkish Central Bank (TCMB) failed to intervene at the urging of President...

Economists estimate: Turkey inflation at 76.55% in May and 63.5% at the end of the year

Turkey's inflation rate is expected to have risen to a near 24-year high of 76.55% in May due to high food and energy prices and a weakening pound, according to a Reuters poll published on Monday,...

Uncontrollable situation in Turkey: Central Bank forecasts 42.8% inflation at the end of the year

LAST UPDATE 12:36 Turkey raised its year-end annual inflation forecast to 42.8% from 23.2% three months ago, and also sees an average forecast of 12.9% at the end of 2023, according to a presentation on Thursday by...

The Central Bank of Turkey will keep interest rates stable

The Central Bank of Turkey (TCMB) is expected to keep its key interest rate unchanged this week, according to information from the Bank's environment cited by various Turkish media today. This will be the second...

Inflation in Turkey is at its highest level since April 2002

Turkey's inflation accelerated to a near 20-year high in January, driven by rising energy prices and pressure from President Recep Tayyip Erdogan on lower borrowing costs. Turkey's annual inflation rate rose further in January, reaching its highest...