CBT Opts for 625bp Rate Hike. Now Watch Heads Roll
On 13 September, the Turkish central bank raised its policy rate by whopping 625bps, exceeding the market's median forecast by 300bps. This is...
582 Views
Turkish Banks: Has the Rubicon Been Crossed?
The answer largely depends on what the metaphor implies. While the recent sharp devaluation in TL has surely exacerbated the structural problems in...
620 Views
Turkey Crisis Reflects Dollar Liquidity Peak...
‘Despite the local market looking historically cheap after collapsing 60% in USD terms since the coup attempt, Turkey remains a key external...
505 Views
Turkey - Legging Down
* Following up on his sweeping cabinet changes on Tuesday, July 10, 2018, President Erdogan has also accelerated his push to engineer a full blown...
472 Views
Turkish Banks: A Painful Deleveraging Ahead
Orderly or disorderly deleveraging? If history is any guide, the aftermath of a private debt boom often results in slower consumption and GDP...
712 Views