TR Economy & Updates

[Bozan]

I think everything is already baked in w.r.t US-Turkiye (w.r.t Israel - Palestine, Hamas et al.). US and West are more looking at internal sources of finance for Hamas.

BTW I just saw that TR Lira essentially was held to a ceiling till the Election this year (May 14th - May 28th)...and then after it a big valve was released.

View attachment 62950

On Erdogan's orders

 

[Rodeo]

https://twitter.com/i/web/status/1727644475235655998

 

[Rodeo]

https://twitter.com/i/web/status/1727644475235655998

In September 2021, the interest rate was 19% and the US dollar exchange rate was 8.82TL. From that date on they started their "unorthodox"(downright stupid) economical policies and reduced the interest rates time after time after time while the inflation was on a never ending spike. Today the interest rate is 40% and $1US = 28.8TL. The inflation rate of 2022 was more than 100%.

What was this experiment for? Generations of people, mostly the youth, are perpetually damaged. They will have lifelong trust issues with our national currency. People will have aversion towards Lira that will continuously contribute to inflation for decades to come.

 

[Deliorman]

You doubt the decisions of some people that are lead by a person who is an alumni of Marmara University's Faculty of Economics?

 

[Spitfire9]

https://twitter.com/i/web/status/1727644475235655998

I follow the $US/Turkish lira exchange rate from time to time. I notice that earlier today the lira strengthened 0.33% against the dollar. Just now it has strengthened 0.03%. The interest rate hike does not seem to have brought back confidence in the lira.

 

[TheInsider]

The new economy admin is doing well. I expect the rate increase to stop at %45.

 

[fushkee]

So what about Nas? Everything was for nothing in the past???
As always, nobody will account for that!!!

 

[B_A]

TURKSTAT Corporate

data.tuik.gov.tr

 

[B_A]

In September 2021, the interest rate was 19% and the US dollar exchange rate was 8.82TL. From that date on they started their "unorthodox"(downright stupid) economical policies and reduced the interest rates time after time after time while the inflation was on a never ending spike. Today the interest rate is 40% and $1US = 28.8TL. The inflation rate of 2022 was more than 100%.

What was this experiment for? Generations of people, mostly the youth, are perpetually damaged. They will have lifelong trust issues with our national currency. People will have aversion towards Lira that will continuously contribute to inflation for decades to come.

You doubt the decisions of some people that are lead by a person who is an alumni of Marmara University's Faculty of Economics?

During the covid period we have to lower some interest to support the economy likes the Japanese done.

But Erdogan and AKP done too much things to destroyed the trust of market in 2016-2020…..

 

[Spitfire9]

The new economy admin is doing well. I expect the rate increase to stop at %45.

While the spot rate of the lira has continued to weaken against the dollar since the interest rate rise to 40%, I have noticed that the 2 year forward rate (was 54+ to the $ a few weeks ago) is now 50+ to the $. Would another interest rate hike be necessary or is it being raised to reduce the inflation rate?

 

[TheInsider]

While the spot rate of the lira has continued to weaken against the dollar since the interest rate rise to 40%, I have noticed that the 2 year forward rate (was 54+ to the $ a few weeks ago) is now 50+ to the $. Would another interest rate hike be necessary or is it being raised to reduce the inflation rate?

It is to combat inflation and show the market that CB won't give an inch at all costs. IMHO %45 is the sweet spot. I don't think CB will stop the interest rate increase before seeing any meaningful improvement in the 1-year forward rate.

 

[Bozan]

https://twitter.com/i/web/status/1730244098802569236

"We would like to reanchor TR firmly to the European Union" - Mehmet Himself



The DEVA member is correct:

https://twitter.com/i/web/status/1730322657759908072

 

[YeşilVatan]

DEVA clowns are wrong in every single instance. Even when they are not connected to the topic or even if the debate itself doesn't exist.

They're wrong. They don't have a right to anything in my eyes. Lowest of the low. They need to be ostracized from the society with great fervor.

 

[Heartbang]

DEVA clowns are wrong in every single instance. Even when they are not connected to the topic or even if the debate itself doesn't exist.

They're wrong. They don't have a right to anything in my eyes. Lowest of the low. They need to be ostracized from the society with great fervor.

If Babacan came into power he'd make us "eat ze bugs." He's a notorious Schwabite.

 

[Lool]

Turkish unemployment levels is at its lowest level since 2012 and recorded at 8.5% of October

Turkey Unemployment Rate

Unemployment Rate in Turkey increased to 8.10 percent in July from 7.60 percent in June of 2026. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

Turkey records its third current account surplus this year as well as its second consecutive current account surplus for the months September and October! As a result, Turkey's yearly current account deficit dropped by 9+ billion dollars by October

Turkey Current Account

Turkey recorded a Current Account deficit of 4194 USD Million in June of 2026. This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

Simsek is saving Turkey while fulfilling Erdogan's desire of unhindered productivity and employment by ensuring that no severe recession takes place. Normally, these 2 aspects dont mix as with recession productivity goes down, and unemployment soars

Simsek is doing miracles rn

 

[TheInsider]

Turkish unemployment levels is at its lowest level since 2012 and recorded at 8.5% of October

Turkey Unemployment Rate

Unemployment Rate in Turkey increased to 8.10 percent in July from 7.60 percent in June of 2026. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

Turkey records its third current account surplus this year as well as its second consecutive current account surplus for the months September and October! As a result, Turkey's yearly current account deficit dropped by 9+ billion dollars in October alone

Turkey Current Account

Turkey recorded a Current Account deficit of 4194 USD Million in June of 2026. This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

Simsek is saving Turkey while ensuring that no severe recession takes place

Well, I told you. The new admin is doing good but the average Joe will feel some difficulties after local elections. Simsek is gearing up to cut the money supply after local elections. Expect inflation to come down as a result of cutting the money supply. There will be a price to be paid by the average citizen. I expect the interest rate increase to stop at somewhere around %45-50 depending on inflation data.

 

[Saithan]

It depends on how unemployment is calculated.

 

[B_A]

Turkish unemployment levels is at its lowest level since 2012 and recorded at 8.5% of October

Turkey Unemployment Rate

Unemployment Rate in Turkey increased to 8.10 percent in July from 7.60 percent in June of 2026. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

Turkey records its third current account surplus this year as well as its second consecutive current account surplus for the months September and October! As a result, Turkey's yearly current account deficit dropped by 9+ billion dollars in October alone

Turkey Current Account

Turkey recorded a Current Account deficit of 4194 USD Million in June of 2026. This page provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

Simsek is saving Turkey while fulfilling Erdogan's desire of unhindered productivity and employment by ensuring that no severe recession takes place. Normally, these 2 aspects dont mix as with recession productivity goes down, and unemployment soars

Simsek is doing miracles rn

Because the covid time was an abnormal period.

It was maybe a good tactic that appoint Simsek not during but after the covid time.

 

[Rodeo]

https://twitter.com/i/web/status/1735284910665916845

 

[Zafer]

We won't be belly-dancing for foreign investment down the road. Not all efforts can be made to get economy in good shape. Some efforts need to be made to fix geopolitical situation too. So at some point we can still see downturns, until we reduce our energy bills.