Central Banks
Turkey’s Mega Hike Has Most Analysts Cheering, Asking for More
Vendors wait for customers inside the Grand Bazaar in Istanbul, Turkey.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
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The Turkish central bank’s unexpectedly hawkish interest-rate hike sparked a rally in the country’s assets on Thursday. The move impressed several market watchers, but also prompted questions about what it signals about future policy decisions.