Category: Economy
LONDON (Reuters) – Credit ratings agency S&P Global said the risks of Turkey implementing capital controls were “elevated” but not the firm’s baseline scenario after the sudden sacking of the country’s central bank chief sent ...
Timothy Ash, a leading strategist on European emerging markets, was targeted by a pro-government newspaper in Turkey on Monday after the lira plummeted close to record lows against the dollar. Ash, who works for London-based ...
Turkey’s lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country’s central bank chief — the third to be fired in two years — sending shockwaves through the investor community. The ...
SYDNEY (Reuters) – Asian markets turned mixed and bonds bounced on Monday as a plunge in the Turkish lira sparked talk that capital controls might be needed to stem the rout, though the wider fallout ...
ISTANBUL (Reuters) – Turkey’s lira plunged 16% to near its all-time low as markets opened after President Tayyip Erdogan made the shock weekend decision to oust a hawkish central bank governor and install a like-minded ...
Lira could plunge 15%, analysts warn, after Turkey’s president risks destabilising fragile economy with removal of governor The Turkish lira could plunge up to 15% in an “ugly reaction” when financial markets reopen on Monday, ...
ISTANBUL (Reuters) – Turkey’s new central bank governor told bankers on a 90-minute call on Sunday he planned no immediate policy change, seeking to reassure those predicting quick interest-rate cuts and a sharp lira selloff ...
ISTANBUL (Reuters) – Turkey’s new central bank chief will hold a call with bank CEOs on Sunday afternoon, a day after he was appointed in a shock leadership overhaul that left investors predicting quick rate ...
Erdogan’s sacking of governor Naci Agbal heralds a course correction. The new interest-rate chief will have to be careful to survive in the job. Four months of monetary orthodoxy appears to have been too much ...
The newly appointed governor of the Turkish Central Bank was accused of laundering money for the mafia and a neo-nationalist gang when he was deputy general manager of state lender Halkbank, court documents obtained by ...