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Anticipated Economic Policy Shift Will Take Time to Assess, Fitch Says

TURKEY
  • Turkey’s new government has signalled a change in economic policy direction since last month’s presidential elections. Policymakers face complex challenges in unravelling imbalances and potentially unwinding targeted regulatory measures, meaning that it will take some time to determine the impact and durability of any policy change, Fitch Ratings says.
  • Fitch's sovereign credit analysis remains focussed on the strategy of the new economics team and policy measures to bring inflation under control, manage FX pressures, and rebuild external buffers. These could be announced in the near term, Fitch say, but rebuilding policy credibility and predictability is likely to take time given a record of policy reversals and premature policy easing, as well as repeated changes in central bank leadership.
  • Full piece here: https://www.fitchratings.com/research/sovereigns/t...

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