At today’s MPC meeting, the Turkish central bank highlighted that it is becoming increasingly concerned about “hot” capital inflows and signalled that these could be countered with aggressive policy loosening in the coming months. However, insomuch as there is any easing, we think it will be limited and could even be quickly reversed.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.