While a rate hike is in the pocket, a return to a more conventional and transparent economic policy is uncertain.
As ever, President Tayyip Erdogan remains the key determining factor, else is choreography.
Leaving aside Erdogan, the path ahead for Turkey is a long and narrow one, mainly due to Covid-19, the dire state of the economy and key institutions.
Ankara’s belligerent foreign policy will remain a source of uncertainty.
A rate hike by Turkey’s central bank (TCMB) at its 19 November meeting is a given. The entity of the rake hike will matter but there is a good cha
- November 19, 2020
- 12:21
TURKEY: A rate hike and a narrow path ahead
Europe
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