Turkey’s policy shift: promising start, but a lot more to do

Turkey’s policy shift has ticked a lot of the right boxes so far and the central bank’s large rate hike this month will go a long way to rebuilding confidence among investors. But there are still question marks about how much tightening will be delivered and whether it will be enough to tackle Turkey’s two main imbalances – the current account deficit and high inflation. To help clients keep on top of developments, we’ve launched a data dashboard with timely indicators to track the policy shift.