Fresh from receiving a gong that ranks him above his peers, Turkey’s top central banker has received a further vote of quiet confidence for his management of the country’s consumption -hungry economy.
Erdem Basci, recently chosen as Central Banker of the Year by The Banker, the FT’s sister publication, can now also point to a favourable review by Fitch Ratings for one of the complicated mechanisms with which he seeks to slow the economy down.
A year or so ago international investors and bankers would often complain that they simply didn’t understand Basci’s policies – particularly his use of an interest rate corridor, or range, rather than a single policy rate.
Turkey’s unorthodox monetary policy gets a thumbs up | beyondbrics
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