Turkey recap

Turkey recap

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Red Pill Or Bitter Pill?

Issue #57

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Turkey recap
Nov 18, 2020
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Nov. 19, 2020

Can you hear it? It’s the sound of markets shouting “hallelujah” after the Central Bank under the Governor Naci Ağbal hiked the policy one-week repo auction rate by a whopping 4.75 percentage points, from 10.25 percent to 15 percent. There had been expectations of exactly a 475 bps increase following Ağbal’s appointment earlier this month …

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