Turkey’s soft financial policy may fix inflation rate at high level – Fitch Ratings

By Trend Turkey’s soft financial policy may fix inflation rate at a high level, Trend reports referring to the report of Fitch Ratings. According to Fitch Ratings analysts, such a policy may exacerbate the consequences of weakening Turkish lira and high inflation rate for public finances and result in pressure on the international reserves. “The anti-inflationary measures taken by the Turkish government will not mitigate macroeconomic risks, as well as the risks to the financial stability,” the report says. Fitch Ratings downgraded Turkey’s long-term foreign and local currency issuer default r…

Read More