TURKEY: Household Inflation Expectations Edge Marginally Higher in September
* Turkey's 12-month household inflation expectation edged marginally higher to 45.60% in September from 45.58% in August, while the real-sector's 12-month expectation fell to 32.50% from 32.80%. * Ekonomi reports that the recent stock market sell-off is intensifying collateral pressures on the real sector, with banks reportedly asking companies to top up or replace share-based collateral as asset values fall. Companies lacking alternative collateral are being forced to sell shares regardless of price, potentially prolonging and amplifying the market pressure. The newspaper's sources warn the issue could become significantly larger if measures are not taken soon. * Meeting with US investors, Finance Minister Mehmet Simsek affirmed that Turkey's economy remains resilient despite global headwinds and regional conflicts. According to Daily Sabah, Simsek pointed to strong fixed investment, productivity gains, low total debt, available fiscal space, reduced external vulnerabilities, and growing international reserves as the core pillars protecting the economy from shocks. * President Recep Tayyip Erdogan attends events at the UN headquarters in New York. No major data releases are schedu
80%. * Ekonomi reports that the recent stock market sell-off is intensifying collateral pressures on the real sector, with banks reportedly asking companies to top up or replace share-based collateral as asset values fall. Companies lacking alternative collateral are being forced to sell shares regardless of price, potentially prolonging and amplifying the market pressure. The newspaper's sources warn the issue could become significantly larger if measures are not taken soon.
* Meeting with US investors, Finance Minister Mehmet Simsek affirmed that Turkey's economy remains resilient despite global headwinds and regional conflicts. According to Daily Sabah, Simsek pointed to strong fixed investment, productivity gains, low total debt, available fiscal space, reduced external vulnerabilities, and growing international reserves as the core pillars protecting the economy from shocks. * President Recep Tayyip Erdogan attends events at the UN headquarters in New York. No major data releases are scheduled for today.