Nevzat Devranoglu

6 days ago | zawya.com | Nevzat Devranoglu

Turkey's overnight interest rate rose to the new upper band of the rate corridor, around 49%, on Friday, a day after the central bank's surprise policy tightening and separate steps to ensure market liquidity, two traders said. The central bank's actions show that overnight rates will continue to stand around 49% for some time, traders also said. On Thursday, the bank hiked its main policy rate to 46% from 42.5% and lifted the overnight lending rate to 49%.

1 week ago | marketscreener.com | Nevzat Devranoglu |Daren Butler

ISTANBUL (Reuters) -Turkey's central bank hiked its key interest rate by 350 basis points to 46% on Thursday, in a surprise move that reversed an easing cycle and boosted Turkish assets following market turmoil triggered by the arrest of Istanbul's mayor last month.

Dec 6, 2024 | kfgo.com | Nevzat Devranoglu

By Nevzat DevranogluANKARA (Reuters) – Turkish inflation was higher than expected at 47.09% annually and 2.24% on a monthly basis in November, official data showed on Tuesday, potentially reducing the prospect of an interest rate cut later this month. Prices of food and non-alcoholic drinks jumped 5.1% from the previous month, the Turkish Statistical Institute data showed, underlining the central bank’s continued struggle against years of high inflation. Health-related prices rose 2.69%.

Dec 3, 2024 | reuters.com | Nevzat Devranoglu

Talks on raising minimum wage to begin on Dec. 10Union leaders want hike to reflect soaring cost of livingGovernment keen to show determination to rein in inflationANKARA, Dec 3 (Reuters) - Turkish workers pushing for a solid minimum wage hike to cope with a persistent cost-of-living crisis face a battle in looming wage talks as the government seeks to prove its determination to rein in chronic inflation.

Dec 2, 2024 | jp.reuters.com | Nevzat Devranoglu

トルコ統計局が３日発表した１１月の消費者物価指数（ＣＰＩ）上昇率は前年比４７．０９％、前月比２．２４％と、市場予想を上回った。イスタンブールの市場で７月撮影。（2024年 ロイター/Dilara Senkaya/File Photo） [アンカラ ３日 ロイター] - トルコ統計局が３日発表した１１月の消費者物価指数（ＣＰＩ）上昇率は前年比４７．０９％、前月比２．２４％と、市場予想を上回った。 今月の利下げ観測が後退する可能性がある。 ロイターがまとめた市場予想は前年比４６．６％、前月比１．９１％だった。 食品・非アルコール飲料の価格が前月比５．１％上昇した。 １１月のＣＰＩ上昇率は予想を上回ったものの、前年比では昨年半ば以来の低水準。１０月は前年比４８．５８％、前月比２．８８％だった。 トルコ中央銀行は昨年６月以来、計４１５０ベーシスポイント（ｂｐ）の利上げを実施。今年３月以降は政策金利を５０％に据え置いている。 中銀は月間インフレ統計を注視しながら利下げ時期を探っており、市場では数週間前から早ければ１２月にも利下げがあるのではないかとの見方が浮上していた。...