Turkish central bank does bear minimum of what was needed to meet market expectations of a c. 5 % hike from 10 to 15%. Chose not to beat expectations -> faces a long slog back to “credibility” with inflationary pressures still in pipeline.
ahval.me/turkish-lira/t… https://t.co/p5w5QPZf00
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…