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    Adem Ileri
    Adem Ileri
    BBVA Research - Principal Economist

    Adem Ileri works as a Principal Economist at Garanti BBVA since January, 2018. His main responsibility is making macroeconomic analysis of Turkey.

    He hold both BA and MSc degrees in Economics from Middle East Technical University (METU), Ankara. Before joining Garanti Bank, he worked as a Research Assistant at METU and as a Specialist in Economic Research Unit at Turk EximBank (Export Credit Bank of Turkey).

    Latest publications

    July 23, 2024

    Türkiye | The CBRT remains cautious on inflation outlook
    The Central Bank kept the policy rate at 50% in line with expectations, maintaining a wait and see approach with a hawkish message. They highlight a potential temporary increase in monthly inflation in July, but expect the rise in the underlying inflation trend to be limited.

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    July 19, 2024

    Türkiye | Pending an effective rebalancing in activity
    The economic activity decelerates further especially driven by the weakening in industry. Aggregate demand remains stronger than supply, keeping inflationary pressures alive. Risks would be on the upside for our 2024 GDP forecast of 3.5%, considering the strong performance in 1H24 and continuing supportive fiscal stance.

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    July 3, 2024

    Türkiye | Inflation trend weakens clearly in June
    Consumer prices rose by 1.64% m/m in June, well below our expectation (2.24%), which led to an annual inflation of 71.60%. We expect the monthly consumer inflation trend to continue to weaken, driving the annual inflation down to 45-50% range by September and to 43% by the end of 2024.

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