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

Bottom Line:

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. 

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