Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
In a client note titled “Uncertainty Likely to Ease”, the U.S. investment bank provided an assessment of the Turkish economy.
The report acknowledged that political uncertainty caused fluctuations in Turkish markets last week, but added that this uncertainty is expected to ease and the inflationary effect has so far remained limited.
It noted that domestic demand for foreign currency remains low and is largely driven by companies with existing foreign exchange liabilities.
“The economic administration in Türkiye is still in place and is keeping the situation under control,” the report stated.
“Policymakers we met during our visit to Türkiye expressed strong determination to restore stability and continue the disinflation programme. Despite recent developments, political support for the programme remains in place. Our impression is that they have a clear roadmap and have already taken steps to stabilise the markets.”
The BofA report concluded: “If political uncertainty dissipates as we expect, the inflationary impact of the shock will be limited.”
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
The Chinese and Vietnamese navies have launched a week-long joint patrol in the Gulf of Tonkin, a move aimed at deepening maritime cooperation between the two countries.
Finnish power grid operator Fingrid announced on Wednesday that repairs to the damaged EstLink 2 subsea power line, which connects Finland and Estonia, will begin in May, with the line expected to return to commercial use by July 15, 2025.
U.S. President Donald Trump has signed an executive order directing the Secretary of Commerce to launch an investigation into the country’s heavy reliance on imported critical minerals.
Türkiye has firmly rejected Greece's unilateral actions and claims regarding maritime spatial planning (MSP) in the Aegean Sea and Eastern Mediterranean, asserting that these actions will have no legal consequences for Ankara.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Iranian Foreign Minister Abbas Araqchi is set to visit Russia on Thursday, ahead of a second round of talks between Tehran and the United States regarding Iran's nuclear program. According to Russia’s RIA state news agency, Araqchi will meet with senior Russian officials during the visit.
Greece has submitted its long-awaited maritime spatial plan to the European Union, outlining how it will organize various maritime activities such as fishing, tourism, offshore energy, and more.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 10th, covering the latest developments you need to know.
A quiet Thursday afternoon at St. Peter’s Basilica turned into something extraordinary, as visitors caught a rare glimpse of Pope Francis — not in his familiar white papal robes, but dressed in black trousers and a striped blanket.
In a dramatic about-face, U.S. President Donald Trump on Wednesday announced a 90-day pause on newly implemented tariffs for dozens of countries — a move that eased market turmoil but further escalated tensions with China.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
U.S. President Donald Trump will personally attend a key meeting with Japanese trade officials on Wednesday, signaling his direct involvement in negotiations stemming from his recent wave of tariffs on global imports.
Türkiye has firmly rejected Greece's unilateral actions and claims regarding maritime spatial planning (MSP) in the Aegean Sea and Eastern Mediterranean, asserting that these actions will have no legal consequences for Ankara.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Iranian Foreign Minister Abbas Araqchi is set to visit Russia on Thursday, ahead of a second round of talks between Tehran and the United States regarding Iran's nuclear program. According to Russia’s RIA state news agency, Araqchi will meet with senior Russian officials during the visit.
Türkiye has firmly rejected Greece's unilateral actions and claims regarding maritime spatial planning (MSP) in the Aegean Sea and Eastern Mediterranean, asserting that these actions will have no legal consequences for Ankara.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Iranian Foreign Minister Abbas Araqchi is set to visit Russia on Thursday, ahead of a second round of talks between Tehran and the United States regarding Iran's nuclear program. According to Russia’s RIA state news agency, Araqchi will meet with senior Russian officials during the visit.
Greece has submitted its long-awaited maritime spatial plan to the European Union, outlining how it will organize various maritime activities such as fishing, tourism, offshore energy, and more.
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