Turkey market watchers hope for rate hold as nerves linger

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By Mariam Meskin
06 Apr 2021

Market participants are bracing themselves for the Central Bank of the Republic of Turkey’s monetary policy meeting next week, which they hope will result in interest rates being held. Though market access for the sovereign remains difficult, markets are showing some signs of stabilisation.

Fresh data this week showed that Turkey's inflation has risen further to 16.2%, up from 15.6% last month. That came after market participants expressed concern last month at Turkey's progress in reducing inflation. 

Investor confidence sank last month as CBRT governor Naci Ağbal, favoured in the markets as an ...

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