off-the-wire

Turkey - Factors to Watch on March 23

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, March 23 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Thursday. The lira traded at 19.0450 against the dollar early on Thursday, little changed from its close of 19.0435 on Wednesday. The main BIST 100 share index closed 1.92% higher at 5,001.06 points on Wednesday.


GLOBAL MARKETS Asian shares inched higher on Thursday after the Federal Reserve hinted it could pause interest rate hikes following turmoil in the banking sector, though it also reiterated its commitment to fighting sticky inflation.


CENBANK RATES DECISION The central bank will hold its monthly monetary policy committee and announce its decision on interest rates (1100 GMT). A Reuters poll forecast that it would keep its policy rate steady at 8.5%.


CENTRAL BANK WEEKLY DATA The central bank will announce its weekly foreign exchange reserves data (1130 GMT).


CONSUMER CONFIDENCE The Turkish Statistical Institute will release consumer confidence data for March (0700 GMT).


PRO-KURDISH OPPOSITION Turkey's pro-Kurdish opposition HDP decided to not field a presidential candidate and run for parliament under the Green Left Party in May 14 elections to circumvent its potential closure, as a court case over charges of links to Kurdish militants continue.


ECONOMIC CREDIBILITY Former Turkish economy tsar Mehmet Simsek's refusal to return to politics has left President Tayyip Erdogan's ruling party scrambling to rebuild its economic credibility less than two months before landmark elections, insiders and analysts say. For other related news, double click on: Turkish politics Turkish equities Turkish money Turkish debt Turkish hot stocks Forex news All emerging market news All Turkish news For real-time quotes, double click on: Istanbul National-100 stock index , interbank lira trading , lira bond trading (Compiled by Ezgi Erkoyun)

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