SON DAKİKA

US: Home sales and confidence indices, economic growth support

New home sales in the US rose 14% in September, following a 1.4% contraction in August. This reading beat the market's expectation for a 1.5% increase by a wide margin. Further details of the pub...

Turkey: State banks follow the CBRT, lower loan rates

Following the 200 basis point rate cut by the Central Bank last week, three state banks announced that they will reduce their corporate and housing loan rates up to 200 basis points depending on the p...

China: Supply crisis and real estate risks for economic growth

One of the historically low growth rates in China was announced for 3Q21 and the periodic performance was 0.2%, while the economy grew by 4.9% compared to the same period of the previous year. During ...

Turkey: Budget deficit narrows with increasing tax revenues

According to the September budget data announced by the Ministry of Treasury and Finance; The central government budget, which had a surplus of 40.8 billion TRY in August 2021, had a deficit of 23.6 b...

CBRT Market Participants Survey: 2021 year-end inflation expectation at 17.63%..

In the CBRT October Market Participants Survey, the current year-end inflation expectation was 17.63%. When we look at the short-term inflation expectations; October inflation is expected to be 1.94%,...

Fed: Tapering to start in mid-November or mid-December

Minutes of the September 21-22 FOMC meeting released yesterday revealed that there is broad consensus that they should start reducing emergency pandemic support for the economy in mid-November or mid-...

China: Inflation, RRs and monetary policy flexibility

While consumer inflation in China was 0.7% in September, below the expected 0.8%, producer inflation, which is the main problem, has moved from 9.5% to 10.7%. While costs increase the pressure on PPI,...

US: Movement in short-term inflation expectations

Inflationary pressures remain historically high. As manufacturers continue to reflect the highest cost pressures and subsequently these costs to their sales prices, inflation remains prevalent in the ...

Global: The bond yield curves reflet the inflation concerns

It is observed that German bunds with negative rates also contributed to the recent rise in US bond rates, and within this framework, 10-year rates rose to -0.09% and approached the positive zone. Acc...

Central Bank’s Inflation Perspective

Will Interest Rate Cuts Continue as a Cycle?   ·        What do we mean by the sentence "Policy is tight enough for disinflation"? ·        What should we think about the inflation perspecti...