After Turkey's giant rate hike, foreign investors mull return

Turkey's recent interest rate hike has caught the attention of foreign investors who may consider returning to Turkish assets if the country continues to demonstrate a commitment to orthodox monetary policy and economic stability.

reuters.com

Relevant topic timeline:

8/24/2023

Turkey surprises with bigger-than-expected interest rate hike to 25% in bid to tame inflation

Turkey's central bank raises interest rates to 25% in an effort to combat inflation, surpassing economist expectations and leading to a rally of the Turkish lira.

8/24/2023

Turkey’s Central Bank Raises Rates More Quickly Than Expected

Turkey's central bank surprises markets by raising interest rates more quickly than anticipated.

8/31/2023

Emerging markets beaten back in August as China chills the mood

Global interest rate hikes, challenges in China, a stronger dollar, and political instability in Africa have impacted emerging market assets, causing stock and currency declines and property market concerns in China, while Turkey's markets have seen a boost in response to interest rate hikes, and African debt markets have experienced a significant pullback.

9/4/2023

Most Turkey depositors returned to forex after leaving lira scheme

Initial data and senior bankers suggest that Turkish depositors have mostly converted their funds back to dollars, withdrawing from state depreciation-protected accounts, as Ankara begins winding down the scheme to protect deposits from currency depreciation.

9/5/2023

Wall Street Rethinks Turkish Rate Path as Inflation Heads to 70%

Wall Street banks are revising their outlooks for Turkish interest rates as inflation rises faster than expected, with JPMorgan, Morgan Stanley, and Bank of America suggesting that borrowing costs may need to rise higher or quicker in response to the surge in price growth.

9/19/2023

Fed Pauses Rate Hikes Amid Cooling Job Market and Strong GDP Growth

The Federal Reserve is expected to announce a pause on interest rate hikes due to positive economic indicators and the likelihood of a "soft landing" for the economy, but future decisions will be influenced by factors such as the resumption of student loan payments and a potential government shutdown.

9/21/2023

Turkey's Central Bank Hikes Key Rate to 30% to Fight Soaring Inflation Despite President's Opposition

Turkey's central bank raises interest rates to 30% as it seeks to combat high inflation and stabilize the weakening lira.

9/21/2023

Market Sinks as Pessimism Grows Over Stalled Rate Cuts Despite Worrisome Headwinds

The stock market showed a surprising reaction to the Fed's decision to keep interest rates unchanged, with expectations of a pause in rate hikes leading to selling in the market and a potential change in mood for investors.

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Posted 8/28/2023, 2:47:24 AM

After Turkey's giant rate hike, foreign investors mull return

reuters.com

Relevant topic timeline:

8/24/2023

Turkey surprises with bigger-than-expected interest rate hike to 25% in bid to tame inflation

Turkey's central bank raises interest rates to 25% in an effort to combat inflation, surpassing economist expectations and leading to a rally of the Turkish lira.

8/24/2023

Turkey’s Central Bank Raises Rates More Quickly Than Expected

Turkey's central bank surprises markets by raising interest rates more quickly than anticipated.

8/31/2023

Emerging markets beaten back in August as China chills the mood

9/4/2023

Most Turkey depositors returned to forex after leaving lira scheme

9/5/2023

Wall Street Rethinks Turkish Rate Path as Inflation Heads to 70%

9/19/2023

Fed Pauses Rate Hikes Amid Cooling Job Market and Strong GDP Growth

9/21/2023

Turkey's Central Bank Hikes Key Rate to 30% to Fight Soaring Inflation Despite President's Opposition

Turkey's central bank raises interest rates to 30% as it seeks to combat high inflation and stabilize the weakening lira.

9/21/2023

Market Sinks as Pessimism Grows Over Stalled Rate Cuts Despite Worrisome Headwinds