Until March 2019: From here to eternity

TURKEY - Presentation 08 Jun 2018 by Murat Ucer and Atilla Yesilada

The CBRT’s latest move avoided the worst but more needs to be done as the global backdrop deteriorates for high-CAD, high F/X debt countries such as Turkey. But until Turkey’s election cycle ends, with the March 2019 local elections, substantial corrective policy action is difficult to imagine.

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