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Emerging MarketsEM CEE

Turkey loses investor trust, leaves bleak outlook for market access

Alamy_Turkey_central_bank_575x375_25March2021

Confidence in Turkish assets hit fresh lows this week as investors struggled to digest a fresh wave of volatility after its central bank governor was sacked following an interest rate hike. With government and bank funding needs to be met in the international market, the Central Bank of the Republic of Turkey has a big job on its hands in regaining investor confidence — though some say the damage has already been done.

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