Page 8 - TURKRptSep20

Erdogan on August 7 at his new favorite place, Hagia Sophia, ​said​: “Turkey is flying”.
“Change in Turkey's CB key rate is a one-way street, until it isn't. Of the 60+ rate changes since 2005, 80% of decisions were a cut. When hikes came, they came big: cut, wait and see, take it easy, panic and boom,” Emre Akcakmak of EastCapital ​wrote​ on August 7 in a tweet (chart below).
The worst thing for Erdogan is that we are at the end of Turkey’s latest loan
8​ TURKEY Country Report​ September 2020 ​ ​www.intellinews.com