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(Bloomberg) -- Turkey’s Central Bank, under new Governor Hafize Gaye Erkan, is easing its security maintenance rule as its first step to simplifying policies designed to boost Turkish lira savings.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinWhat Is Russia’s Wagner Group and Why Was It Ac

Credit Whipsaw That Hit Turkey Isn’t Taking Cue From Rate Pause Bloomberg 2/17/2021 (Bloomberg) -- Turkish interest rates may be high enough to put the screws on credit growth. Although official borrowing costs have stayed on hold since December, the pace of annual lending expansion has been below inflation over the past two months, suggesting central bank Governor Naci Agbal can afford to keep the key rate at 17% at this week’s meeting. © Bloomberg Tight Enough Since his surprise appointment on Nov. 7, Agbal raised the policy rate by 675 basis points in two steps before pausing in J...