International macroeconomics

Türkiye's current account posted a deficit of $2.7 billion in November 2023, after two months of surpluses, the data from the Central Bank showed on Jan. 12.

The current account recorded surpluses were $1.92 billion in September and $10 million in October.

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The Central Bank has said that it will maintain its reserve build-up strategy and ensure continuation of the stable uptrend in international reserves in 2024.

Türkiye's current account posted a surplus for the second consecutive month in October, the data from the country's Central Bank have shown.

The current account produced a surplus of $186 million in October, which came on top of the $1.91bn surplus in the previous month.

Standard & Poor's (S&P) has confirmed Türkiye's credit rating as "B" and changed its credit rating outlook from "stable" to "positive."

"Confidence in our medium-term program is increasing," Treasury and Finance Minister Mehmet Şimşek wrote on social media platform X on Dec.1, commenting on S&P's move.

Turkish government bonds are becoming more attractive following the Central Bank's monetary policy adjustment in recent months, BNP Paribas has said in a recent report.

Policy rates and local deposit rates have already adjusted sufficiently to provide positive ex-ante real rates versus inflation expectations, it said.

BELGRADE - National Bank of Serbia (NBS) FX reserves totalled 24.182 bln euros at end-September, reaching their highest end-of-month level since records began in 2000, the central bank says.

In September, gross FX reserves rose by 558.8 mln euros compared to the previous month.

BELGRADE - National Bank of Serbia (NBS) FX reserves totalled 23,623.7 mln euros at end-August, reaching their highest end-of-month level since records began in 2000, the central bank said on Tuesday.

In August, gross FX reserves rose by 489.5 mln euros compared to the previous month.

Türkiye's current account swung to a surplus in June for the first time since October 2021, helped by tourism revenues, data from the Central Bank showed on Aug. 11.

The country's current account surplus was $674 million in June, larger than what most analysts had expected. In May, the current account balance produced a deficit of $7.84 billion.

The government has announced a 20 percent additional charge for some gold and jewelry imports, apparently in an attempt to help efforts to reduce the current account deficit.