Türkiye's Central Bank Reserves Hit Record High Amid Mixed Market Signals
Türkiye's central bank reserves have reached a new high of $183 billion, boosted by gains in foreign exchange and gold. Meanwhile, Commerzbank predicts a 32.5% year-on-year inflation rate for September, marking the 15th consecutive month of declining annual inflation. Istanbul-based brokerage Colendi suggests that foreign inflows could accelerate if September's inflation data is softer than projected.
The BIST 100 index, Türkiye's benchmark stock market index, has seen a weekly decline of 1.27%, closing at 11,366.82 points on September 26. On Thursday, the index closed at 11,082.63 points, down 1.23% on the day. Despite this, foreign investors have shown confidence in Türkiye's financial markets, investing $415.7 million in government bonds and $158.8 million in equities during the week ending September 26.
The search results do not specify which institutions made the largest foreign investments in Turkey's financial markets during the second half of September 2021.
Türkiye's central bank reserves have hit a record high, while the BIST 100 stock market index has experienced a weekly decline. Despite this, foreign investors continue to show interest in Türkiye's financial markets, with significant investments in both government bonds and equities. The potential acceleration of foreign inflows, depending on September's inflation data, could further boost Türkiye's financial landscape.
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