Weak Lira Puts Rate Hike Back on Turkey's Radar Days Before Vote.

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    • Subject Terms:
      MIDDLE East; TURKEY
    • Abstract:
      The Turkish central bank is considering an interest rate hike just two months after declaring its tightening cycle over. The depreciation of the lira and declining foreign reserves, along with worsening inflation, have prompted discussions about a rate hike. While some economists predict that the Monetary Policy Committee will keep rates steady, others, including Morgan Stanley, expect an increase in April. The possibility of a rate hike is seen as a signal to the markets and could potentially attract foreign capital. [Extracted from the article]
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