MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

MNI: UK APR-JUN MEDIAN PAY AWARDS +4.9% :Brightmine

US Treasury Auction Calendar

BoC Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fiscal Policy Key for Turkey's Economic Rebalancing - Fitch

TURKEY
BulletEM BulletEmerging Market NewsHomepage
  • An expected post-election tightening of the fiscal stance in Turkey would strengthen the effectiveness of monetary policy, in the context of weakened transmission channels, Fitch Ratings says in a new Sovereigns Dashboard.
  • If sustained, this improvement in policy consistency should support lower inflation, a narrower current account deficit and a recovery in international reserves, which could be positive for Turkey's sovereign rating.
  • Fitch expect the government to reduce the fiscal deficit over the remainder of the year by slowing growth in spending, particularly that unrelated to earthquake reconstruction. New revenue-raising measures are probable, with their design likely to consider their potential inflationary impact.
  • See the full report here.
106 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • An expected post-election tightening of the fiscal stance in Turkey would strengthen the effectiveness of monetary policy, in the context of weakened transmission channels, Fitch Ratings says in a new Sovereigns Dashboard.
  • If sustained, this improvement in policy consistency should support lower inflation, a narrower current account deficit and a recovery in international reserves, which could be positive for Turkey's sovereign rating.
  • Fitch expect the government to reduce the fiscal deficit over the remainder of the year by slowing growth in spending, particularly that unrelated to earthquake reconstruction. New revenue-raising measures are probable, with their design likely to consider their potential inflationary impact.
  • See the full report here.