Tag Archives: economy

FED: ‘Turkey most vulnerable market’

An index built by the US Federal Reserve (Fed) analysts, measuring economic vulnerability across 15 major emerging markets, found Turkey was the most vulnerable, followed by Brazil and then India.   Policies in Turkey — among two other emerging markets … Continue reading

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Analysis: ‘Whichever way he turns, Mehmet Şimşek will lose’

Phillip Inman, from the Observer, comments: Turkey‘s finance minister, Mehmet Simsek, understands the two-faced nature of western capitalism. A former banker with Merrill Lynch, based in London, he has seen the way investment banks work. One minute you are feted … Continue reading

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Istanbul’s huge construction projects in severe jeopardy due to jolting interest rate rises

Here is a long report by Today’s Zaman: The central bank’s bold decision to increase the benchmark policy rates pushed the overall interest rates in the markets up as expected, and mortgage loans were no exception.   The least expensive … Continue reading

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Faltering economy in Turkey is self-inflicted

From Deutsche Welle: This week’s rate hike by the Turkish Central Bank helped only briefly: After the US Fed decided to cut back on bond purchases, the lira took another tumble. But the problems in Turkey are largely self-inflicted.   … Continue reading

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