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IIF Chief Economist Notes Sizeable Slowdown in Turkish Credit Growth

TURKEY

IIF Chief Economist via Twitter:

  • Turkey is seeing a very big slowdown in credit. Our 13-week centered moving average of Lira-denominated credit turned negative in data to May 14 for the first time since H2 2018 after the BoP sudden stop.
  • This is a clear positive for the current account.


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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