Turkish Rate Cut No Longer Unthinkable as Lira Comes Raging Back

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Turkish Rate Cut No Longer Unthinkable as Lira Comes Raging Back

commitment to tighten monetary policy if necessary, Turkish central bank Governor Murat Cetinkaya is now overseeing an economy with a rising currency

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commitment to tighten monetary policy if necessary, Turkish central bank Governor Murat Cetinkaya is now overseeing an economy with a rising currency as the Federal Reserve and European Central Bank sound more open to stimulus. Adjusted for prices, interest rates in Turkey are about double the level among peers such as Russia and South Africa. Most economists still predict Turkey’s […]

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