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Reflections from our correspondents on the ground in the Turkish capital.

ISTANBUL BLOG: Portfolio outflows decline but Turkey not out of the woods yet

April 8, 2021

Anxious times for a central bank with a net FX position of around minus $60bn.

ISTANBUL BLOG: Official inflation bumps up to 16.2%

April 5, 2021

Thigh deep in the economic quagmire, Erdogan regime at least hears that as things stand Europe can live with it, while Biden seems unlikely to opt for a ruckus.

ISTANBUL BLOG: A lull in Turkey’s slow motion car crash

March 25, 2021

Turks starting to pay the bill for 18 years of horrendous economic mismanagement.

ISTANBUL BLOG: Bourse keeps foot on throat of short sellers on third day of Turkey tumult

March 24, 2021

Lira briefly moves past 8.00 after currency is provided to London offshore. Erdogan appeals to Turks to sell their gold.

ISTANBUL BLOG: When will the lira dam break?

March 23, 2021

Officials erecting defences work to make it expensive to short the Turkish currency. “It’s killing people already invested in lira assets,” says analyst.

ISTANBUL BLOG: Will Turkey trigger the “2021 EM tantrum?”

March 21, 2021

The 2018 Turkish lira crisis did not set wider markets aflame. With the currency poised for another collapse this week, analysts are tracking whether things could be different this time round.

ISTANBUL BLOG: A false spring for Turkish markets

February 28, 2021

Lira goes into reverse as global environment sours and unease grows over how Turkey’s newfound economic orthodoxy might not last.

ISTANBUL BLOG: Get ready for the official figures

February 9, 2021

Central bank chief, meanwhile, says no rate hike “for a long time”, though he has not defined “long time”.

ISTANBUL BLOG: “Let’s be realistic,” says banking chief conceding Turkey’s banks keep sunk loans afloat

February 4, 2021

“The lira is an attractive currency to borrow but we should make the lira an attractive currency with which to invest,” head of banking association and Ziraat Bank also observes in live interview.

ISTANBUL BLOG: Finance industry calling below 7.00 for USD/TRY

February 2, 2021

If individual investors come together to blast towards the stop-loss levels, the FED will likely be asked for help.

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