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evaluate the latest economic developments in the British newspaper Financial Times Turkey, in due course of the currency wrote that Turkey alarming for business.
Economics that airs world-renowned British newspaper Financial Times, shared a writing attention on Turkey.
The following statements were used: "After the central bank shocked the markets and maintained interest rates, the Turkish lira depreciated by 4.2%, according to the l. analysis of the news of the country's economy.The Monetary Policy Committee of the Central Bank met for the first time after leading the economy to the son-in-law of President Recep Tayyip Erdogan, Berat Albayrak, who declared him "the enemy" of the best interests Mr. Albayrak said the fight against soaring inflation and Turkey will not fight against the market "by guaranteeing worked to resolve concerns about the assignment.However, the final decision of the Central Bank on interest rates has caused fears that Ankara does not give a signal of return to a more orthodox monetary policy after the election victory of Mr. Saygun Erdogan on last month. "
Press
The news in the Times says that after the fall in the Turkish lira, danger bells stole;
Although the economy grew by 7.4% last year, inflation reached 15% in June, the weaker pound could trigger inflation, weighing down the high private sector debt burden and discouraging essential foreign capital. The ratio of the current account deficit to gross domestic product also exceeded 6%. All news from the Financial Times recalls that data also arrived in Turkey, where 15 percent increase in bread was also recorded. Analysis of news, he continued: "This is one of the biggest concerns of economists.The depreciation of the Turkish lira is a pressure on companies that have a foreign currency debt of about 300 billion Turk Telekom announced that the loss in the second quarter of this year was about 1 billion pounds.One of the many high-profile groups that want banks to restructure their loan debts are Yıldız Holding. unproductive loans the rate of 3 percent to a low level, but in troubled loans is to be feared to create future pressure on the banking sector in Turkey. "[19659003] COMPANIES OF INFLATION AND EXCHANGES force
Financial Times with the Economy of Turkey Albert Saydam, Vice President of the Society of Automobile Manufacturers (TAYSAD), also received the notice that he prepared. </ P> <p> Affirming that 400 members of the Associate ion are under pressure because of the overall exchange rate, Saydam pointed out that they must import 4,000 tons of natural rubber each year and that the cost has doubled since January 2016. "This is definitely a new situation for many companies, "Saydam said. We are facing high inflation and a volatile exchange rate. "
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