Turkey Must Hike Rates After Elections. Who Will Get Spanked Bad?

Atilla YeşiladaPosted on

Turkey must hike rates after elections. Who will get spanked bad?

  • Turkish inflation is running at a rate of 50%, with a higher pace to ensue after earthquake, massive porkbarreling. CBRT policy rate is only 8.5%. What is wrong with this picture?

 

  • There is a consensus among experts and investors massive rate hikes are inevitable.

 

  • Kilicdaroglu government will “normalize” monetary policy immediately. Erdogan will be FORCED to do so in the winter months.

 

  • How much will rate have to go up?

 

  • Who will get hurt?

 

  • Are banks resilient to rate hikes?

 

  • Budget deficits will widen, bankruptcies will increase, indebted household will suffer.

 

 

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.