Cutting Rates And Corners

Economy Issue #42

Welcome back and a happy Ramadan to all who observe. Turkey’s head of religious affairs recommended avocados for sahur, which made some wonder if we had a batch of rejected avocado exports sitting around somewhere. If so, let’s hope they’re better off than these lemons in Dubai.

In our most important data for the issue: Güllaç inflation from 2019 is now higher than CPI. The tasty dessert is projected to bring in over 250b liras in export revenue. Afiyet olsun!

In this week’s edition:

1. MPC cuts policy rate by 250bps

2. February CPI below expectations

3. Detentions continue in business, SE

4. FDI: Cash flow monitor

5. This week’s stat round-up

Citizens wait in line to collect the municipality’s iftar offerings. © IBB

Some alarms, no surprises: MPC cuts policy rate by 250bps