All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
Emerging MarketsEM CEE

Fear of looming rate cut sparks more Turkey fears

Alamy_Centralbankofturkey_575x375_02June2021

Turkey’s credit metrics took another hit this week after contradictory statements on interest rates from president Recep Tayyip Erdoğan and central bank governor Şahap Kavcıoğlu. Market participants said the environment for foreign investors is rocky, and any new sovereign Eurobond would have to offer a "big premium".

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree