Much more mportant is the corporate debt problem and the burden to be incurred by bank balance sheets. It is there that we should look for help, not the interest rate.

Dünya Executive - - FINANCIAL CORNER -

In August 2018 also sterilizat­ion was rather high, probably for the same reason. RR changes effectivel­y provi de liquidity anyway.

As the policy rate becomes increas ngly less effective, if not redundant – it isn’t - the timing of the rate cut sequence is less and less correlated with economic recovery.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.