Investors welcome change of tack as Turkey unveils big rate rise - Capital Economics

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Investors welcome change of tack as Turkey unveils big rate rise

19 November, 2020Financial Times

The increase “might not seem like much in light of what was at stake”, said Jason Tuvey, a senior emerging markets economist at Capital Economics, the consultancy. “But investors were always more focused on whether the decision would mark a shift towards orthodox policymaking — that is, a transparent monetary policy framework based on one main policy rate.”

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