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Fear of looming rate cut sparks more Turkey fears

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By Mariam Meskin
02 Jun 2021

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".

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By Mariam Meskin
02 Jun 2021