ECONOMICS - Central Bank faces tough week under markets’ gaze:
"All eyes are watching the course of the Turkish Lira, stock and bonds at the beginning of a post-apocalyptic week, wandering whether the tumult that was prompted with the Federal Reserve tapering plans will settle down or not.
The Turkish Central Bank ended last week on the back foot after a rate rise, and intervention on the foreign exchange market, failed again to halt a fall of the lira and share prices, and a rise of the 10-year borrowing rate.
However, as the investors are still confident that the Central Bank will find a way to push down concerns, the analysts expect the tumble to slow down. "
'via Blog this'
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