TURKEY: Policy continuity (for now)
The Turkish authorities are busy seeking to reassure investors after the unexpected change of leadership at the top of the Central Bank (TCMB). Yesterday (21 March), the newly appointed Governor Sahap Kavcioglu indicated that the fight against inflation remains a priority and, cr… Become a member to read the rest of this article Username […]
TURKEY: A rate hike and a narrow path ahead
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 […]