Turkey Reverts Back to ‘Stealth’ Tactics to Hike Borrowing Costs

Photo of Turkey Reverts Back to ‘Stealth’ Tactics to Hike Borrowing Costs
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Employees work in their booths at the Borsa Istanbul SA stock exchange in Istanbul, Turkey, on Tuesday, Aug. 14, 2018. While they are growing more critical, the underlying tone of warnings from businesses has so far been supportive of the government in principle, showing there are limits to how much Turkey’s billionaires are feeling emboldened to speak out after elections in June increased President Recep Tayyip Erdogan’s grip on power. Photographer: Ismail Ferdous/Bloomberg

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#recep tayyip erdogan
#banking
#interest rates
#currency
#fixed income
#monetary policy