Economics
What Is Turkey’s Reasonable Real Rate as It Cuts? Take Your Pick
Pedestrians walk on Istiklal street in Istanbul.
Photographer: Kostas Tsironis/BloombergThis article is for subscribers only.
Turkish central bank Governor Murat Uysal has vowed to preserve “a reasonable rate of real return” for investors as he cuts borrowing costs for the first time in three years.
Pinpointing where that level is, however, is a challenge.