Turkish Lira
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- Kibkommer
- Posts: 198
- Joined: Sat 31 Oct 2015 8:37 am
Turkish Lira
The Turkish lira rises significantly after the Turkish central bank raised its key interest rate by a hefty 750 basis points.
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- Kibkommer
- Posts: 40
- Joined: Sun 07 Jun 2020 8:06 am
Re: Turkish Lira
Yes the markets reacted strongly...as one commented that maybe this is the light at the end of the tunnel.....just keep Erdogen out of the way and let the experts deal with the economy. A report today said by 2030 it expects the Turkish economy to be the 5th largest in the world
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- Kibkommer
- Posts: 962
- Joined: Fri 07 Mar 2014 10:17 am
Re: Turkish Lira
I'd like to see that report ...it's hard to believe to be honest.
USA China Japan India then turkey in 5 th...
It would have to overtake Germany ...
It's currently around 19 th....it would need to quadruple its gdp in 6 years ...
It's basically impossible.. I think you have misunderstood or something ...
USA China Japan India then turkey in 5 th...
It would have to overtake Germany ...
It's currently around 19 th....it would need to quadruple its gdp in 6 years ...
It's basically impossible.. I think you have misunderstood or something ...
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- Kibkommer
- Posts: 962
- Joined: Fri 07 Mar 2014 10:17 am
Re: Turkish Lira
I found the report ..it was from 5 years ago and they projected growth from 2017...and things have not progressed for turkey since then ...
Its still ranked 19 th ...
Its still ranked 19 th ...
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- Kibkommer
- Posts: 799
- Joined: Sun 28 Jun 2015 11:45 am
Re: Turkish Lira
This interest hike should have been activated 18 months ago,erdogan really ought to know lowering rates does not stop inflation
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- Kibkommer
- Posts: 509
- Joined: Mon 09 Dec 2019 1:16 pm
Re: Turkish Lira
So what was the interest hike in %, and what is the base rate now?techtrader wrote: ↑Thu 24 Aug 2023 2:13 pmThe Turkish lira rises significantly after the Turkish central bank raised its key interest rate by a hefty 750 basis points.
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- Kibkommer
- Posts: 1852
- Joined: Wed 11 Apr 2012 2:08 pm
Re: Turkish Lira
I thought it was 17 to 25 percent?
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- Kibkommer
- Posts: 198
- Joined: Sat 31 Oct 2015 8:37 am
Re: Turkish Lira
Yes increase of 7.5% from 17.5% to 25%
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- Kibkommer
- Posts: 40
- Joined: Sun 07 Jun 2020 8:06 am
Re: Turkish Lira
It was not from 5 years ago and it had China in the top spot and yes Turkey was well ahead of Germany