BY ISMET OZKUL The interest rate for the latest bond issuance by the Treasury to the international markets was 8.625%. This rate quadruples the interest rate in the U.S. market. We’ll pay USD 947m for a USD 2bn borrowing with a maturity of 5.5 years. While we insist on a low-interest policy in Turkey, we...
Tag: FX
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Putin hits tourism, FX, oil and current balance figures: OPINION
BY ALAATTIN AKTAS Turkey would probably take second place after Ukraine among the countries that will suffer the most from Putin’s statements yesterday and the operation launched by the Russian army. Russia may also suffer from the sanctions the West will impose. However, even the increase in oil prices due to this tension benefits Russia....
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Will there be any move against high inflation?
BY SEBNEM TURHAN The annual inflation exceeded expectations and reached 36.08% in December. However, it may hover around 40-50%, according to the economy world. Will it transform into hyperinflation, or can the increase be limited by the support of steps to be taken? We asked the economists… The Consumer Price Index (CPI) can increase by...