Turkey joins QE club with new programme

Turkey flag adobe stock AS 230x150
By Ross Lancaster
31 Mar 2020

Turkey has joined the list of emerging market countries experimenting with quantitative easing programmes in the wake of the Covid-19 crisis engulfing conventional funding markets.

The country's central bank announced an asset purchase programme on Tuesday that will include allowing primary dealers to sell it government debt securities initially purchased from an unemployment insurance fund.

The move follows the South African Reserve Bank’s own QE policy, unveiled last week. Poland rolled out ...

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