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Turkey’s Lira On A Rocky Road

Turkish President Recep Erdogan believes high interest rates cause high inflation and sacked three central bank governors who stalled onrate cuts.

Capital Raising & Corporate Finance

Central Bank Shakeup Prompts Lira Drop

If Kavcolu’s appointment results in interest rate cuts, financial markets will naturally react by using the FX rate as an automatic stabilizer.

Country Report

Ankaras About-Face

Erdoan’s government hopes a more disciplined monetary policy will restore investor confidence and bolster an economic recovery in 2021.

Country Report

Turkey: Investment Draw

Despite political unrest, and criticism from trading partners, Turkey continues to draw foreign direct investment. Can FDI help it return to economic expansion?