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Turkey expected to start cutting sky-high 50% interest rates in November
Turkey’s central bank has raised interest rates by 4,150 bps since June 2023
Startups are increasingly going bust as funding dries up
The number of startups closing their doors rose 58% y-o-y during 1Q 2024
Investors are piling into Turkish assets as the country’s reform program bears tentative fruit
TRY-denominated bonds have risen 6.3% since March’s rate hike — far outstripping the average 1.1% increase across similar emerging markets
Warming ties with Turkey as Bin Farhan meets Erdogan in Istanbul
Plus: Riyadh’s new envoy to Cairo presents credentials
Turkey could levy a tax on stocks
Treasury and Finance Minister Mehmet Simsek said the government is considering a “very limited” transaction tax
Turkey wealth fund’s debut international bond issuance was 14x overscribed
Turkey’s central bank turbulence has not swayed investors: Turkey’s sovereign wealth fund’s debut international bond issuance was met with a…
Erdogan taps new central bank governor
Turkey has a new central bank governor: Turkish President Recep Tayyip Erdogan has appointed Fatih Karahan (bio) as the new…
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