The Turkish turnaround: How the central bank's bold actions could reshape investment landscape
Al-Monitor Pro members
Piero Cingari
Financial analyst
Sept. 6, 2023
The Central Bank of Turkey raised interest rates to 25% to combat inflation, delivering the fastest rate-hike cycle over two decades. While recent economic indicators show a mixed picture, Turkish assets have displayed strong performance, signaling renewed investor confidence. Achieving currency stability is essential to attracting foreign capital inflows and advancing domestic de-dollarization efforts.
Access the Middle East news and analysis you can trust
Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.