Tag "Central Bank of Turkey"

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Middle East/North Africa Natural resources and energy

Markets respond to Turkey’s failed coup

After the failed coup, markets were quick to write off any short-term impact on oil prices. Yet, Turkey’s post-coup behavior increases risks for investors.

Economics Middle East/North Africa

Turkey’s new Central Bank Governor must walk political minefield

New Central Bank Governor Çetinkaya faces political pressure to cut interest rates while trying to reduce Turkey’s high inflation.

Finance Middle East/North Africa

Turkey’s monetary policy feud stokes financial risk

While Turkey – with its ceaselessly falling currency – is struggling with the same global forces as other emerging markets, an internal struggle between President Erdoğan, Central Bank Govenor Basci and deputy PM for

Economics International

3 things to watch in emerging market currencies

The US dollar has been on a tear since July, and its effect are beginning to hit emerging markets. First there was the taper tantrum, then another, then another. Emerging markets

Economics International

Erdogan undermines Turkish Central Bank’s autonomy

On 30 April, the Governor of Turkey’s Central Bank, Erdem Basci, announced an interest rate cut in the near future, but specified neither number nor schedule. The announcement came a week after reaffirming the Bank’s