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Very high inflation may be the new normal in Turkey

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TURKEY

As state-owned banks apparently intervene to support the lira, the Treasury and Finance Ministry has proposed issuing domestic bonds with yields linked to the revenues of state…

Prospects for Turkey in 2022

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PROSPECTS 2022

Prospects for Turkey in 2022.

Prospects for Turkey to end-2022

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PROSPECTS H2 2022

Prospects for Turkey to end-2022.

Prospects for Turkey in 2023

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PROSPECTS 2023

Prospects for Turkey in 2023.

Turkish lira faces fragility despite AKP victory

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TURKEY

However, serious concerns remain about the credibility of Turkey's Central Bank (CBRT), whose refusal to mount an interest rate defence of the lira accentuates the risks posed by…

Turkey's economic policy shift is not worth the risks

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TURKEY

The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…

Turkey’s currency is likely to depreciate in 2023

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TURKEY

The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…

Turkey’s policy uncertainty will worry investors

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TURKEY

The limited rate hike (annual core inflation is running at 47%) has undermined foreign investors’ hopes that President Recep Tayyip Erdogan’s new economic team would be free to…

Lebanon’s debt-based model is ultimately unsustainable

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LEBANON

The insurance costs for Lebanon’s sovereign bonds rose rapidly in September, reflecting both general unease among investors in emerging markets and specific concerns about…

Risks to Turkish economic growth and stability mount

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TURKEY

The long-running weakness of the lira, which accelerated this month, has forced up prices and market interest rates, depressed asset values, dampened confidence in the economy and…