Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 03/08/2021 06:29 
10.06.2021 19:11 News >> Turkey's Inflation To Fall To 12% Next Year: Fitch Ratings

Turkey's Inflation To Fall To 12% Next Year: Fitch Ratings

Interest rate expected to be 13.5% at end of 2022.

Inflation in Turkey is estimated to decline to 15.5% this year and 12% next year, the global rating agency Fitch Ratings said on Thursday.
Interest rate is expected to be 17% at the end of 2021 and 13.5% at the end of 2022, according to a webinar titled "Fitch on Turkey: A Sovereign and Financial Institutions Overview".
Fitch said it forecasts Turkey's gross domestic product (GDP) to increase 6.7% in 2021 and 4.7% in 2022.
"[Turkish] lira interest rates have risen quite significantly since the start of last year," said Lindsey Liddell, senior director, head of Turkish Banks at Fitch Ratings.
"Foreign currency lending remains a significant portion of Turkish banks' loan books. It's currently around 36%," she added.
Turkey's credit rating is supported by its moderate government and household debt, large and diversified economy, and favorable GDP per capita and trend growth, according to Fitch.
The global rating agency on Feb. 19 revised Turkey's outlook to stable from negative and affirmed its rating at BB-.
The agency, however, said Turkey's rating is constrained by weak finances, a track record of economic volatility, high inflation, increased dollarization, and financial risks. -



        Latest News
2 Earthquakes Strike Off Coast Of Southwestern Turkey -24 minutes ago...
No damage or casualties reported so far, says disaster agency.
Anadolu Agency's Morning Briefing – Aug 3, 2021 21 minutes ago...
Daily briefing on novel coronavirus pandemic worldwide, Turkey, other developments.
UN To Name Swedish Diplomat As New Envoy To Yemen -24 minutes ago...
UN Security Council has to approve appointment of Hans Grundberg.
Vaccines Save Lives, COVID Kills: French President -9 minutes ago...
Emmanuel Macron uses social media to engage with young vaccine skeptics.
Wildfires Ravaging Forestlands In Many Parts Of Globe -9 minutes ago...
From North America to Australia, world is grappling with massive forest fires.

 
      Top News
Lebanese Premier Looking To Form Govt Before Anniversary Of Beirut Blast Lebanese Premier Looking To Form Govt Before Anniversary Of Beirut Blast
Israeli Supreme Court Delays Ruling On Sheikh Jarrah Expulsions Israeli Supreme Court Delays Ruling On Sheikh Jarrah Expulsions
Afghan Forces Claim To Have Killed 455 Taliban Fighters Afghan Forces Claim To Have Killed 455 Taliban Fighters
Tokyo Olympics Cases Rising As 17 More Reported Tokyo Olympics Cases Rising As 17 More Reported
Flowers Left In Tunca River In Memory Of Roma Killed At Auschwitz Camp Flowers Left In Tunca River In Memory Of Roma Killed At Auschwitz Camp
Puppy Rescued From Forest Fire In Turkey Becomes Disaster Teams' Mascot Puppy Rescued From Forest Fire In Turkey Becomes Disaster Teams' Mascot
Malawi Runs Out Of COVID-19 Vaccines, Again Malawi Runs Out Of COVID-19 Vaccines, Again
Zambia Deploys Army To Curb Violence As Elections Draw Nearer Zambia Deploys Army To Curb Violence As Elections Draw Nearer
France's Esteban Ocon Wins Hungarian Grand Prix France's Esteban Ocon Wins Hungarian Grand Prix
Ismail Haniyeh To Be Re-Elected Hamas Leader: Source Ismail Haniyeh To Be Re-Elected Hamas Leader: Source