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The latest moves suggest that the government wants to distribute the fresh money to “business” via “a targeted lending policy”. That might end up competing with the legendary interest rate corridor policy for meaninglessness.
There is no scarcity of progressive monetary policies in Turkey. There is, for instance, also “lira-isation.” That's also not a bad comedy, say the unbelievers.
Loan growth will be watched in the coming period, while the positive atmosphere on global markets, which emerged last month, fades away.
20 TURKEY Country Report September 2022 www.intellinews.com
