At the 4th Inflation Report meeting of the year, CBRT increased its year-end inflation expectation from the previous 8.9% to 12.1%. Exchange cost pressure on import prices, output gap, food inflation and inflation has been the basis for revising its projections within the framework of the main trend of inflation. ... Devamı
The CBRT will announce the 4th Inflation Report of the year tomorrow. At the MPC meeting on October 22, the Central Bank, which did not increase the policy rate by going beyond expectations and making a negative effect in a sense, may share messages that will clarify this issue tomorrow, with the guidance of the forward-looking monetary policy, after the different decisions taken in the September and October MPCs. The subject to be followed by the market, especially in the question and answer section, will be the communication on monetary policy guidance. ... Devamı
With the average funding cost over inflation, we switched to a positive real interest position in terms of the overall funding composition. We expect that the traditional repo auctions with a late liquidity window interest rate of around 13.25% and the overnight borrowing limits reduced by half will increase the weight of the LLW on the general funding and the increase in the funding cost will continue. We expect the Central Bank to continue to increase interest rates in order to strengthen the real interest position within the framework of the funding composition and to open up space for additional tightening. Inflation expectations are deteriorating rapidly, and the continued increase in exchange rates can be expected to have an additional effect. In this context, we think that the Central Bank will make an interest rate hike by at least 150 basis points on October 22, or even exceed it. ... Devamı
According to calendar adjusted data, Turkey’s industrial production in August increased by 10.4% compared to the same month of the previous year; Seasonal and calendar adjusted industrial production, on the other hand, increased by 3.4% compared to the previous month. According to the unadjusted data, there was a 16% increase in industrial production compared to the same period of the previous year. ... Devamı
COVID-19 has changed the healthcare landscape in more ways than one, but in the space of cancer treatment, clinical trial enrollment has decreased dramatically. About 3-5% of adult cancer patients participate in cancer clinical trials. Since the pandemic, that number has become even lower. ... Devamı
At the present time, we are in the middle of a global epidemic, although we do not know the effects of the disease well afterwards, it is clear that one of the most important factors in the patient's return to a normal life is "physical therapy and rehabilitation", depending on the symptoms we see in patients. ... Devamı
International credit rating agency Moody's Investors Service, downgrades Turkey's credit rating, as a result of the erosion of the country's external financial fragility, pointing institutional challenges. Turkey's credit rating lowered to B2 from B1 and the rating outlook left "negative", based on the fact that fiscal austerity measures deteriorate faster than expected. ... Devamı
