The Turkish lira has recovered some of its losses in the past few hours, but the plunge in the currency over the past few weeks is now on a scale which has, in the past, prompted the central bank to hike interest rates aggressively. We were expecting 200bp of hikes in the one-week repo rate over the coming months. But it is looking increasingly likely that this may come in just a matter of days.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.