Hot money

The Turkish Central Bank's net reserves are likely to turn positive in 2024, according to analysts at Goldman Sachs.

In a note on the Central Bank's latest rate decision, Goldman Sachs said that it expects rising foreign inflows and a narrower current account deficit to pull the rate of Turkish Lira appreciation further inside the forwards in 2024.

The Central Bank has said that it will maintain its reserve build-up strategy and ensure continuation of the stable uptrend in international reserves in 2024.

Turkish government bonds are becoming more attractive following the Central Bank's monetary policy adjustment in recent months, BNP Paribas has said in a recent report.

Policy rates and local deposit rates have already adjusted sufficiently to provide positive ex-ante real rates versus inflation expectations, it said.

Following the U.S. Central Bank's (Fed) postponement of rate hikes, the European Central Bank decided to continue its monetary expansion, creating a beneficial environment for developing countries such as Turkey. The expectation of the abundance of global liquidity has particularly revived bond investments in countries such as Turkey.  

The most desired aspect of foreign capital investments is foreign direct investment, but in Turkey's case, this item has a share of just one-fourth of the total inflow, almost equal to real estate purchasesForeign direct investments to Turkey, particularly after 2003, increased visibly compared to previous years.

The results of the November 2015 balance of payments released last week have confirmed an ongoing trend: The foreign resource inflow that has been financing Turkey's growth for 12-13 years dropped radically in 2015, and this could be considered a sign of a new era rather than a temporary trend. A new climate has gone into effect and the growth paradigm based on foreign resource inflow has actua

There is an important economic agenda for the Justice and Development Party (AKP), which came to power again with a quite surprising 49 percent of the vote in the Nov. 1 election. At the center of this agenda is the increase of foreign capital inflow. This requirement is very important both for growth targets and also to be able to rollover the debt burden we are face-to-face with. 

He surely has made a lot of money, but investment guru Mark Mobius has now made history. Speaking to state-run press agency Anadolu Agency, he said that Turkey?s economy was not fragile.

There were many things to emphasize about Turkey?s March Balance of Payments (BoP) statistics, which were released by the Central Bank and the Turkish Statistical Institute on May 12.

?The 2009 local elections? Some unaccredited $4,900,000,000 entered Turkey. The 2010 constitutional referendum... Some unaccredited $5,600,000,000 entered Turkey. The 2011 general elections, some unaccredited $12,200,000,000 entered Turkey. In 2012 and 2013 there are no elections; there were no unaccredited dollar inflows to Turkey. This year we have general elections.