Turkish inflation slows to 9.1 pct, helping rates policy: I agree that yesterday's turnout will help rates policy, but I am kind of disappointed that the volatile nature of food prices, as I discussed yesterday, is not mentioned. But I won't take it against the Daily News, as the only places I saw this issue brought up were Goldman Sachs, Global Source and RGE - kudos to all. RGE's Mary Stokes does a nice summary of the various analyst reports (subscription-only). And at least the Daily News has not translated the TURKSTAT bulletin...
Foreign share in Turkey's banking sector is balanced, at least according to Garanti's ex-CEO. The optimal banking share is a concept I have failed to grasp. With the focus on Greek banks in the Balkans, everyone thinks nowadays that foreign presence in banking is like candy; you should not have too much of it, but really there is a lot of evidence that foreign banks bring in much more good than evil...
Turkey puts energy deals with Israel on hold: Yet more evidence that the economics effects of the flotilla crisis will be much more than simple trade algebra predicts. Zaman has the same story as well.
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