State of Turkish economy: “Erdoğan to banks: Ease loans or you’ll face us”

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Erdoğan to banks: Ease loans or you’ll face us

 

Turkish President Recep Tayyip Erdoğan called on the financial sector on Jan. 17 to open the taps of credit or face a reckoning.

Turkish Lira will recover if Central Bank acts immediately: Top economist Tim Ash

 

Economist Tim Ash, who has followed Turkey closely for almost two decades, has said the losses in the Turkish Liras are of “great concern” amid broader uncertainty, but the issue can be addressed if the Central Bank moves rapidly

Turkey tightens lira liquidity in bid to boost struggling currency

The Turkish Central Bank skipped its one-week repo auction on Jan. 16, aiming to boost the Turkish Lira by reducing the amount of local currency circulating in markets

Turkish 2016 budget deficit comes in at $7.8 bln

 

Turkey’s government ran a 29.3 billion-Turkish Lira ($7.81 billion) budget deficit last year, the country’s finance minister said Jan. 16

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Vía Erkan’s Field Diary http://ift.tt/2jK1M7J

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