Hi,TUIK (Turkish Statistical Institute ) shared November inflation two days ago.It seems,core inflation drops.
If you look at the list about PPI and CPI ( products,vehicles prices list) for example;
Diesel engine and gasoline engine cars prices have been dropping...............
Also government did some discounting in taxes for cars,white goods.According to numbers,sellings look stabil.
Deficit of budget will have increased end of year.It will be a new record.
One more thing ,I guess inflation will be %22-23 end of this year,some small changings only create a little bit time for inflation.
S&P and Fitch say same things.They shared new reports about Turkish Economy.
WHAT I SAID IN SEPTEMBER?
Probably fire of the dollar may be drop,reasons :Trump effect on FED,softing in trade wars.Ons gold can have a little bit value in this term.
China says we will buy soya and LNG from USA.Trump wants no hiking interest rates in 2019-2020.
Also when petrol prices hikes USA inflation can increase ,end of these matters; FED needs more hiking interest rates.
And Strong dollar can damage exporting power of USA in long term.
1-)Syria is complicated ?North Syria
2-)Opec meeting will be important,brent petrol product will increase or not?
3-)Iran ?
4-)New equation in Black Sea ( Russia-Ukraine) a new war ?
USA 10 YEARS-2 YEARS
Currently 10 years and 2 years are near to each others.Levels are % 2,91.But away big cities Fed presidents say like president of San Francisco and Chicago.3 hiking interest rate are necessary for controlling inflation.
A Signature
BREXIT -BOE,ECB will be a new FED or Hawkish, FED looks a dovish but it is not.