Turkey could loosen monetary policy prematurely

The Turkish central bank’s policy credibility is still in doubt

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In this article

  • Improving sentiment towards Turkey
  • Stable lira
  • Sharp rise in equities and local bonds
  • Foreign borrowing
  • Monetary policy
  • TCMB may try to rebuild credibility...
  • ... or succumb to a 'perfect storm'
  • External environment is key

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.