Turkey / Data
Turkey set to take $14bn hit from Hormuz crisis
Think tank Ember calculates cost to Ankara of energy shock caused by Iran war.
Turkey announces third straight hold on policy rate at 37%
Central bank was not moved to tighten by either developments in the Middle East conflict or the domestic political stress.
_1780932280.png)
Supply chain disruptions are back at 2022 levels – Statista
Global supply chain pressures have risen again in recent months, returning to levels last seen during the height of pandemic-related disruptions, Statista reports.
The world's record heatwaves - Statista
According to NASA, there is “unequivocal evidence that Earth is warming at an unprecedented rate”, Statista reports.
Turkey's official inflation shows minimal change in May at 33%
Country overtakes Argentina in world inflation league.
Near-stabilisation of business conditions in Turkish manufacturing recorded by May PMI
Index at highest since March 2024. However, “safety stock building amid disruption caused by war in Middle East” was a factor.
Turkey releases official 1Q GDP growth at 2.5% y/y
The civil servants of economic management tend to release a lower figure in the initial digestion, before revising it up in following releases.
BofA goes short on 2-month dollar/lira forward contract for 3.3% monthly carry return
Bank’s analysts say Turkey’s rising political uncertainty has led to a repricing of risk, creating a more attractive entry point.
Bets placed on 300-bp Turkey rate hike as move to crush opposition rattles markets
Court order to bring back former CHP leader seems to be part of a divide-and-rule approach.
Turkey sacrifices American treasury holdings in defence of lira amid Iran war
US paper stock plummeted from $16bn in February to $2bn in March.
Turkey hikes end-2026 official inflation forecast to 26% in war “shock environment”
Central bank also raises its average Brent oil expectation for 2026 to $89/barrel.
Fitch stress test sees no Turkish bank failure even if Iran conflict drives lira to USD/75
Under most severe scenario only one bank, Halkbank, would breach legal reserve requirement criteria, exercise shows.
Which countries have fertility rates above the replacement level - OWID
Fertility rates — which measure the average number of children per woman — have been falling worldwide. Since 1950, global fertility rates have halved, from almost 5 children per woman to 2.2, Our World in Data (OWID) reports.
Heidelberg Materials acquires Turkish partner Sabanci’s 40% stake in cement maker Akcansa for $437mn
Takeover rules will require buyer to make mandatory tender offer for listed 21% stake in acquired company.
Turkey holds benchmark rate at 37% in line with expectations
Rate-cutting cycle came to a halt as energy prices spiked with the start of the Iran war.
Turkish automaker Tofas obtains €276mn BBVA loan to produce new K9 LCV models for Stellantis
Istanbul-listed company provided eight-year funding by Madrid-listed bank at Euribor+2.25-2.35%.
Istanbul-listed Aksa Enerji obtains $300mn six-year loan from Africa Finance Corporation
Funding will finance power plant investments across African continent.
Turkey has the second most foreign military bases in the world after the US
Turkey has emerged as the country with the second-largest number of foreign military bases in the world after the United States, and is the only Muslim-majority nation with a global military base network of this scale.
Fitch downgrades outlook on Turkey as war impacts drain FX reserves
Unscheduled move comes as central bank stung for $50bn in cost of interventions made in defence of lira.
Arched brows as Turkey releases official inflation at 2% m/m despite war effects
Country’s economic managers working with expected average price of $85/barrel for Brent oil in 2026.