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Why Turkey’s Interest-Rate Hike to 15% Didn’t Go Far Enough

Por: MarketWatch Business June 24, 2023

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Turkey’s Eurobonds still look attractive at yields around 9%, though. The rates move was the de facto public debut of the hoped-for economic dream team that president Recep Erdogan unexpectedly appointed after winning re-election in May.  Mehmet Simsek, a respected economist with long experience at Bank of America, returned as finance minister. Hafize Erkan, who worked at for a decade, took over the central bank.  They’ve got their work... + full article



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