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Turkey’s Central Bank: Tightening or Easing?
[private]
- Despite the tactical tightening move by the TCB, the framework for policy easing is intact, and the current direction of the key variables suggests that policymakers will, in a stop-and-go and irregular fashion, end up moving borrowing costs lower in the Turkish economy.
3-28-12–EMG INDICATORS AND INSIGHTS (Turkey’s Monetary Policy)[/private]