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TURKEY: Lira/debt crisis will be averted for now
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DOI: 10.1108/OXAN-ES253945
ISSN: 2633-304X
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TURKEY: Lira plunge will increase firms’ foreign debt
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DOI: 10.1108/OXAN-ES236749
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB206415
ISSN: 2633-304X
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Having partly restored its inflation-fighting credibility by maintaining an exceptionally tight monetary stance since its decision last September to raise its benchmark rate to a…
The marked improvement in sentiment towards Turkish assets since mid-January.
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DOI: 10.1108/OXAN-DB220223
ISSN: 2633-304X
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S&P is concerned that the political fallout from the failed July 15-16 military coup will make it more difficult for the country to meet its large external financing requirements…
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DOI: 10.1108/OXAN-DB212581
ISSN: 2633-304X
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Despite dramatic depreciation of the lira since early March, the TCMB is likely to continue cutting its benchmark one-week repo rate, now at 8.75%, as it tries to mitigate the…
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DOI: 10.1108/OXAN-DB252635
ISSN: 2633-304X
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The recovery from the record low of 4.93 on May 23 may reflect officials’ efforts to counteract President Recep Tayyip Erdogan’s disastrous interventions in Turkey’s economic…
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DOI: 10.1108/OXAN-DB234089
ISSN: 2633-304X
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The Central Bank’s policy dilemma.
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DOI: 10.1108/OXAN-DB225191
ISSN: 2633-304X
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The lira has been steadied by a combination of a new savings scheme introduced in December aimed at reversing the ‘dollarisation’ of the economy and the halt to aggressive…