Turkish central bank hikes rates by 200 basis points to 19% ...Qatar

Turkey’s central bank hiked rates by 200 basis points to 19% yesterday, twice the market expectation in what it called a “front loaded” move to head off rising inflation and a sliding lira, which rallied nearly 2% in response. The decision had been seen as a test of new central bank governor Naci Agbal’s battle against double-digit inflation and his hawkish recent rhetoric. Analysts said he more than passed the test, clearing the way to higher rates for longer than expected as the major emerging market (EM) economy rebounds from the coronavirus pandemic. “Abgal is clearly keen to embellish his inflation-fighting credentials and thus was willing to go above and beyond what investors had dema

Hence then, the article about turkish central bank hikes rates by 200 basis points to 19 was published today ( Thursday 18/03/2021 - 09:30 PM ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Turkish central bank hikes rates by 200 basis points to 19% )

Also on site :

• Here's How I Eat Gluten-Free at Disney World and Miss Nothing
• 1974 Country-Pop Classic Became One of the Most Unforgettable Novelty Hits of the ‘70s
• Long-Running 1977 Romantic Comedy TV Series Still Ranks Among the Best Ever