When the Turkish government in mid-October removed three members of the Monetary Policy Committee (MPC), the reaction was somewhat predictable. After all, the writing had been on the wall. But what difference does it make to Turkish monetary policy? Recep Tayyip Erdogan, the all-powerful Turkish president, on Thursday, October 14, ousted three key members ofContinue reading “Turkey and Its Central Bank: Turning Heads”
Tag Archives: turkey banking economy
Foreign Investors Feel the Pinch in Turkey
Turkish authorities in recent months have taken steps to reign in what they believe are activities that harm the Turkish economy. Global banks such as Goldman Sachs, Barclays and UBS have been sanctioned by the banking regulator and the Istanbul stock market. Observers say that the sanctions have come as a reaction to the weaknessContinue reading “Foreign Investors Feel the Pinch in Turkey”
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