Turkey hikes rates… Hungary cut coming later?
Financial Times (registration) (blog)
Turkey, which has a large current account deficit, has raised rates to keep inflation and the lira in check. As Simon Quijano-Evans of Commerzbank put it, this “essentially boils down to a rates-driven policy to protect the lira rather than losing more …
Hungary and Turkey: A Tale of Two Rate DecisionsWall Street Journal (blog)
Source: turkey – Google News
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