image description
image description
Tell A Friend

FinancialNews


  • 24-11-20

    Banking reforms to cast positive shadow on Turkey's markets

    (MENAFN) On Monday, the chairman of the UK-based think tank Chatham House informed the Anadolu Agency that the market reaction to Turkey's reform proposals would be very optimistic," as they will attract more investors to the region.

    The monetary policies in developed countries will support emerging markets in the coming days, particularly after the US Federal Reserve in August shifted to asymmetric targeting higher average inflation, Jim O'Neill said.

    "That should be particularly good for countries that are relying on foreign capital inflows like Turkey."

    "If Turkey is serious about reforms, this is a great moment for that," he added.


    Jim O'Neill said that banking systems in developed nations would help emerging markets in the days ahead, especially after the US Federal Reserve moved to an asymmetrical target for higher average inflation in August.

    On Nov. 13, President Recep Tayyip Erdogan pointed to a new age of economic and judicial reforms, saying that new measures would lift the level of democratic rights and freedoms.

    MENAFN24112020000045011136ID1101176530

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved