Report
Research Team

Turkey Daily Coverage 14.08.2018

• President Erdogan doubles import tariffs on certain US products
• US reportedly to maintain firm stance in Brunson crisis with Turkey
• BOTAS reportedly to fix USD/TRY at 6.5 in gas sales price to power plants
• New house sales campaigns in pipeline – Urban Minister Kurum
• Court releases two Greek soldiers pending trial without ban to leave Turkey
• BDDK changes regulations to support bank capital ratios, profitability
• Economic measures to continue within free market rule – FinMin Albayrak
• Automatic tax adjustment on fuels reportedly costs TRY 2bn to budget so far
• President Erdogan calls for boycotting US electronic goods
• CBT cancels one-week repo auction, implies tightening within rate corridor
• Cabinet launches TRY 1.2bn worth of three-year support programme to industry
• Agricultural PPI inflation picks up to 11.7% y/y in July
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