#Forex Haberleri

Economic agenda to intensify after the holiday

The economic management’s agenda is set to intensify after the Ramadan holiday. April will kick off with inflation figures. Among the highlights are foreign trade data and the interest rate decision of the Central Bank. The Turkish Statistical Institute (TÜİK) will release the inflation data for March on April 3rd. The Consumer Price Index (CPI) rose by 2.27% on a monthly basis in February, while the Domestic Producer Price Index (D-PPI) increased by 2.12%. The annual inflation rates were 39.05% for consumer prices and 25.21% for domestic producer prices. On the same day, the Ministry of Commerce will announce the foreign trade data for March. In the first two months of the year, exports increased by 2.1% compared to the same period last year, reaching $41.9 billion in February. TÜİK will disclose the real rates of return on financial investment instruments for March on April 8th. When adjusted for the CPI, the highest monthly real return in February was 7.76% for gold bullion. The Budget figures will be revealed on April 10th, along with the Industrial Production Index results for February. The Central Bank of the Republic of Turkey (CBRT) will release the balance of payments statistics related to February on April 14th. While Turkey’s current account recorded a deficit of $3.795 billion in January, there was a surplus of $2.403 billion in the current account, excluding gold and energy. The Ministry of Treasury and Finance will announce the budget implementation results for March, revealing the first quarter budget outcomes. Turkey’s central government budget revenues were determined at 723.425 billion Turkish lira in February, while expenditures totaled 1.033517 trillion Turkish lira. On Wednesday, April 16th, TÜİK will share the Agricultural Producer Price Index and housing sales statistics for March with the public. The Interest Rate Decision will be announced on April 17th. The CBRT Monetary Policy Committee (MPC) will convene on April 17th, with an earlier decision to raise the overnight borrowing rate to 46%. Discussions took place about tightening the monetary policy stance should there be a significant and sustained deterioration in inflation. The International Economic Summit with the theme “Changing Global Realities and the Future 5.0” will take place in Sapanca from April 17th-20th. The summit’s opening speech is expected to be given by the Minister of Treasury and Finance, Mehmet Şimşek. The summit, attended by key figures from the economy, politics, and business world, will cover various topics, including new investments and opportunities, global economic transformation, a new era in EU and Germany relations, the future of defense technologies, cross-border e-commerce opportunities, new export strategies, and artificial intelligence. Meanwhile, TÜİK will release the motor vehicle data for March on April 18th. In February, 136,810 vehicles were registered in traffic, with 3,338 removed, resulting in a net increase of 133,472 vehicles in circulation. On April 21st, TÜİK will announce the foreign Producer Price Index for March and the agricultural input price index for February. TÜİK is set to share the results of the April consumer confidence index on April 22nd. On the same day, data on domestic tourism for the fourth quarter of 2024 will be made public. The CBRT will release the economic tendency indicators, real sector confidence index, and manufacturing industry capacity utilization rates for the month on April 24th. The economic confidence index data for April will be disclosed on April 29th. In March, the index surpassed the reference value by reaching 100.8 with a 1.6% monthly increase. TÜİK will also reveal the labor statistics for March on April 29th. In February, the number of unemployed decreased by 95,000 to reach 2.886 million, with the unemployment rate declining by 0.2 percentage points to 8.2%.

Economic agenda to intensify after the holiday

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Economic agenda to intensify after the holiday

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