Turkish turnaround in sight with bond set to follow rate hike

By Mariam Meskin
12 Nov 2020

Turkey could be on track for one of the most remarkable emerging market recoveries of the year, after a shake-up of top officials signalled a return to orthodox monetary policy, inspiring confidence among investors. With the lira starting to recover from record lows, bond market insiders anticipate a new issue before the end of the year. Mariam Meskin reports.

President Recep Tayyip Erdoğan ousted Murat Uysal, governor of the Central Bank of the Republic of Turkey (CBRT) since July 2019, on Saturday in a surprise move, after weeks of the lira declining to record lows against the dollar. Naci Ağbal, who was Turkey's finance minister between 2015 and ...

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