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19 November 2020
7 min read

Turkey Raises Rates - ECB Can't Go Bankrupt

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Turkey raised rates [https://www.bloomberg.com/news/articles/2020-11-19/turkey-hikes-rates-in-line-with-forecasts-in-message-to-markets?sref=p01IfjQ9] The new central bank governor breezed through his audition, hiking rates t0 15% from 10.25%. > “Agbal made the first important step to restore the shattered credibility of Turkey’s central bank by delivering a proper rate hike and simplifying monetary policy,” said Piotr Matys, a London-based strategist at Rabobank. “The initial market reaction

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