Nevzat Devranoglu

Ankara

Correspondent at Reuters

Journalist, @Reuters. Retweets are not endorsements Ankara

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Articles

Turkey's Simsek sees very high probability of inflation in central bank range

3 weeks ago | zawya.com | Nevzat Devranoglu

GIRESUN, Turkey - Turkish Finance Minister Mehmet Simsek said he does not foresee Turkey changing its economic course following recent market and trade developments, and inflation would very likely hit the central bank's forecast range by year-end. Turkish annual consumer price inflation slowed to 38.1% in March, extending its fall from a peak of around 75% last May. The central bank's year-end inflation mid-point estimate currently stands at 24%, in a forecast range of 19% to 29%.
Turkey’s Simsek to meet ratings agencies, investors on US trip

3 weeks ago | kfgo.com | Nevzat Devranoglu

By Nevzat DevranogluGIRESUN, Turkey (Reuters) – Turkish Finance Minister Mehmet Simsek said he will meet with rating agencies, investors and companies planning to shift supply to Turkey during a visit to the United States this week. “I will be in America this week for the IMF, World Bank and G20 meetings.
Turkish overnight rates up near 49% after hike, traders say

3 weeks 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%.
Turkish central bank surprises with rate hike to 46% after market turmoil

4 weeks 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.
Turkey inflation higher than expected, teeing up tough rate decision

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%.
Minimum wage talks to test Turkey's inflation-fighting credentials

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.
トルコＣＰＩ、11月は前年比＋47.09％利下げ判断難しく

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。...
Turkey inflation higher than expected, teeing up tough rate decision

Dec 2, 2024 | msn.com | Nevzat Devranoglu

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Turkey inflation higher than expected, teeing up tough rate decision

Dec 2, 2024 | reuters.com | Nevzat Devranoglu

Annual CPI 47.09% in November, monthly rate 2.24%Central bank had flagged one-off rise in foodCould reduce prospect of rate cut in DecemberANKARA, Dec 3 (Reuters) - Turkish inflation was higher than expected at 47.09% annually and 2.24% on a monthly basis, opens new tab in November, official data showed on Tuesday, potentially reducing the prospect of an interest rate cut later this month.
トルコで偽ドル札流通の疑い、関係当局が被害防止へ対応進める

Nov 28, 2024 | jp.reuters.com | Nevzat Devranoglu

トルコで偽ドル札流通疑惑が広がっており、関係当局が被害防止に向けた対応を進めている。写真はイスタンブールで１５年撮影。（2024年ロイター/Murad Sezer/File Photo） [アンカラ２８日ロイター] - トルコで偽ドル札流通疑惑が広がっており、関係当局が被害防止に向けた対応を進めている。中央銀行は司法部門と協力して偽ドル札問題に取り組んでいると表明。調査の報告内容や行動指針を金融機関と共有したと述べた。現時点でトルコ国内にどれぐらいの量の偽ドル札が出回っているのかは不明だが、何人かの銀行関係者の話では、複数の外貨交換所と銀行は一部のドル札受け入れを停止したという。銀行関係者によると、５０ドル札と１００ドル札の一部に偽札の疑いがあり、これらは現在の紙幣計算機では検知されない。トルコ銀行協会は、紙幣計算機やキャッシュディスペンサー、ＡＴＭを点検・更新して偽ドル札流通に歯止めをかけると明らかにした。関係者の１人は、予定通り迅速に銀行システム全体で紙幣計算機が更新されれば、偽札検知が可能になると語った。...