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Investors' hopes for Turkey's economic future ride on new cabinet picks

LONDON (Reuters) - The top policymaker picks of Turkey's re-elected president Tayyip Erdogan are taking centre stage as markets try to gauge whether he will change course towards economic orthodoxy or double down on polic. | 10:22am

Turkish President Erdogan seals re-election victory to...

(Bloomberg) Turkish President Recep Tayyip Erdogan sealed an election victory that appeared unlikely just weeks ago, raising the prospect of more friction with Western governments and international investors.  

Goldman Sachs, Barclays see Turkey cutting rates to 15%

Turkey's central bank will continue to reduce interest rates for the remainder of the year in the wake of its bumper 200 basis point cut, before halting its rate cutting cycle at 15%, analysts at Goldman Sachs and Barclays forecast on Thursday.

Record Corporate Borrowing Finances Turkey's Current-Account Gap

Turkey Holds Rates as Central Banker Bets Inflation Peaked

Try refreshing your browser, or Turkey Holds Rates as Central Banker Bets Inflation Peaked Back to video Turkey’s central bank kept its benchmark interest rate unchanged for a second meeting on Thursday, pledging to maintain its “current” policy stance until there’s a significant drop in inflation. The Monetary Policy Committee left its key rate at 19% as forecast by all analysts in a Bloomberg survey. Inflation accelerated for a seventh month in April to 17.1%, spurred on by a weak lira and rising global energy prices. But new bank Governor Sahap Kavcioglu predicted the pace of price gains had peaked and would now start dropping to 12.2% by the end of 2021.

Turkey Holds Rates Again as Central Banker Bets Inflation Peaked

Turkey Holds Rates Again as Central Banker Bets Inflation Peaked Cagan Koc, Bloomberg News BC-Turkey-Holds-Rates-Again-as-Central-Banker-Bets-Inflation-Peaked , Cagan Koc (Bloomberg) Turkey’s central bank kept its benchmark interest rate unchanged for a second meeting on Thursday after forecasting that inflation had reached its peak. The Monetary Policy Committee left its key rate at 19% as forecast by all analysts in a Bloomberg survey. Inflation accelerated for a seventh month in April, spurred on by a weak lira and rising global energy prices. But new bank Governor Sahap Kavcioglu predicted the pace of price gains would start dropping to 12.2% by the end of 2021.

Turkey Governor to Bet Inflation Has Peaked: Decision Day Guide

Turkey Governor to Bet Inflation Has Peaked: Decision Day Guide May 06 2021, 6:30 PM May 06 2021, 9:30 AM May 06 2021, 6:30 PM (Bloomberg) Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here (Bloomberg) Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here Turkey’s central bank is expected to leave its benchmark interest rate unchanged for a second meeting on Thursday after forecasting that inflation had reached its peak. All 24 economists surveyed by Bloomberg predicted borrowing costs will be held at 19%. Turkish inflation accelerated for a seventh month in April, spurred on by a weak lira and rising global energy prices. But new bank Governor Sahap Kavcioglu predicted the pace of price gains would start dropping to 12.2% by the end of 2021.

Barclays counts benefits for EM of $500bn IMF reserve plan

Emerging-market countries will probably account for “no more than” $206 billion of the new SDR allocations.