Turkey

BMI View: We had expected the Central Bank to act aggressively in response to the lira's decline. However, the 600 bps rise in interest rates over the course of June surprised us... 2006-07-07

We have revised our economic forecasts in the wake of the lira's decline. However, if anything, the growth outlook has firmed. Certainly, we do not now anticipate a fall in real interest... 2006-06-13

The murder of the Mustafa Ozbilgin, a judge in the Council of State in open court on May 17 may have been the act of a lone gunman. However, like most political assassinations, it... 2006-06-07

Latest economic data confirm that the economy's strength is also its weakness. High domestic demand growth and falling interest rates are driving investment and productivity growth.... 2006-05-17

It was not meant to be this way. The central bank lowered interest rates for the first time since January 2 in late-April, when they cut 25 basis points (bps) from both the overnight... 2006-05-08

Economic data releases for the first few months of 2006 has made fairly gloomy reading for the government. Growth appears to be slowing from the breakneck speed in 2005 - which is... 2006-05-05

We will revise our main forecasts over the next month. However, the strength of growth in Q4 - when it rose by 9.5% y-o-y without generating undue inflationary pressures (due to strong... 2006-04-19

After several months of relatively stable, lira volatility returned with a vengeance in March. Indeed, after breaking through the key TRY1.3/US$ level in mid-February - which suggested... 2006-04-07

The nature of economic and political risk in Turkey is changing, as has been evidenced by the fall-out from the recent ructions over President Ahmet Necdet Sezer's veto of Adnan Buyukdeniz... 2006-04-05

In the wake of the politically-induced economic crisis in 2001, Turkish voters overwhelmingly elected the Islamic-based Adalet ve Kalkinma Partisi (AKP) [Justice and Development Party]... 2006-03-03