Turkish Households' Confidence in Lira Remains Resilient: S&P
14 Articles
14 Articles
S&P Global Ratings stated that the fund crisis did not translate into a widespread loss of confidence in the Turkish Lira, and assessed that the contagion in the financial system remained limited. However, the institution noted that energy prices, inflation, and the growth outlook continue to be the main risks for the Turkish economy in the coming period.
S&P Global Ratings predicted that the war in the Middle East would increase inflation in Türkiye through energy prices and slow economic growth. S&P argued that household confidence in the Turkish lira remains intact and that the economy can weather the energy shock.
S&P states that confidence in the Turkish lira remains intact and the economy can weather the energy shock, but expects inflation to reach 30.9% this year.
S&P Global Ratings: Turkish Households’ Confidence in the Lira Remains Resilient
S&P Global Ratings said household confidence in the Turkish lira remains resilient, helping the Central Bank of the Republic of Türkiye (CBRT) partially rebuild its foreign exchange reserves despite inflationary pressures from the energy price shock triggered by the war in the Middle East. According to the agency’s latest analysis, foreign-currency deposits accounted for 38.7% …
S&P warns energy shock could add 7 percentage points to Turkey’s inflation - Turkish Minute
Higher energy prices caused by the Middle East conflict could add up to 7 percentage points to Turkey’s inflation this year and reduce economic growth, S&P Global Ratings warned in an analysis published Monday. The agency estimates that the energy price shock will lower growth in gross domestic product by 0.4 percentage points compared with […]
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