If there were such a thing as Turkish monetary policy Twitter, I don’t think “#Winning” would be something tweeps would employ very often.
How’s that “very powerful tightening” working out?
“Urgent measures” needed urgently.
The “enemy of interest rates” might need to go ahead and cement his power more than a year ahead of time.
An escalation in Syria won’t help.
Turkey has gone and done it now.Â
This is completely out of control.
This of course stems directly from Erdogan’s ongoing efforts to bring arch nemesis Fethullah Gulen to “justice.” Pretty much anything that goes wrong for Erdogan gets blamed one of two things: 1) a Kurdish conspiracy, 2) a Gulen-linked conspiracy. This latest spat with Washington is no exception.Â
Well, the won is at four-month low against the dollar on Thursday because, well, because
The outcome removes prevailing uncertainty in Turkish politics, “at least in the short-term,†says Rabobank’s Piotr Matys who sees scope for the lira to rally to 3.5561 against the dollar, and then 3.40 as “the next potential short-term targetâ€
On Monday evening I said I’d likely find myself talking about the dollar again first thing
“There is still much uncertainty about how his exact economic agenda will look,” Commerzbank’s Thu Lan
America may lose its last top credit rating. The decision by Moody’s to change its
I chafe, instinctually, at the idea that the US government is “running out of room”
Turkey’s central bank, under new leadership, nearly doubled interest rates on Thursday in a hotly-anticipated
Recep Tayyip Erdogan has a new central bank chief. If nothing else, Hafize Gaye Erkan
“Very ridiculous.” That’s how Recep Tayyip Erdogan described the notion he might refuse to step
He did it. Recep Tayyip Erdogan succeeded in bringing rates in Turkey back down into
“China is the Alternative,” read the title of a somewhat dispiriting blog post published Friday morning in
If you have an inflation problem (and who doesn’t these days, right?) Recep Tayyip Erdogan
Admittedly, it feels gratuitous to dwell on the most chaotic week for UK markets since
If the situation weren’t so burdensome for the populace, I’d say you have to admire
News flow slowed to something approximating a trickle ahead of Jackson Hole, a consequence of
Like most countries in 2022, Turkey has an inflation problem. I should note, for those
Whenever you’re inclined to lament high inflation exacerbated by a legacy of too-loose monetary policy
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