rate hike, said Emre Tekmen, an economist at Turk Ekonomi Bankasi. However, as [it] makes its policy tightening in a convoluted way, it gets less bang for the buck. Tevfik Aksoy, a London-based economist at Morgan Stanley, said the central bank faces a widening credibility gap.
Date: Jan 21, 2014
Category: World
Source: Google
Morgan Stanley Sees Rate Increase Wasted on Lira: Turkey Credit
While Morgan Stanley economist Tevfik Aksoy sees policybeing tightened, it may not be enough to protect the lira, whichhas plunged 9.5 percent since Dec. 16, a day before the policeinvestigation into corruption ensnared Prime Minister RecepTayyip Erdogans government. Two-year Turkish notes are
Date: Jan 20, 2014
Category: World
Source: Google
Lira Heads for Biggest Drop This Year as Yields Fall on Rate Cut
The CBTs current strategy, even with a 100 basis point narrower corridor, still gives it significant room to manoeuvre and the bank is likely to keep this flexibility until inflation slows and the credibility gap narrows, Tevfik Aksoy, the London-based chief economist for Central and Eastern Eu
Date: Feb 21, 2012
Category: Business
Source: Google
Turkish Bank Cuts Benchmark Rate to 5.75% to Support Growth
They seem to be very concerned about global growth and euro debt jitters and taking a pre-emptive approach, Tevfik Aksoy, chief economist for the region at Morgan Stanley & Co. in London. It can be debated if the level of real interest rates are commensurate with the inflation goals and/or cu
Date: Aug 04, 2011
Category: Business
Source: Google
Lira Sinks as Market 'Baffled' by Turkish Rate Cut; Stocks Slump
"Some currency weakness is not an issue for the central bank and by raising the overnight rate they will be lowering the volatility in money market rates and especially in foreign exchange," Tevfik Aksoy, chief economist for the region at Morgan Stanley in London, said in e-mailed comments.
Date: Aug 04, 2011
Category: Business
Source: Google
Shekel Gains, Israel Bonds Drop on Higher Than Expected Prices
The strength of growth and the faster inflation profilejustifies an accelerated normalization of rates starting nextweek, said Tevfik Aksoy, Morgan Stanley & Co.s chiefeconomist for Turkey, the Middle East and North Africa. Theshekel will stick out as the currency to face significantapp