BUSINESSBLOOMBERG
Turkish Banks Rally as Central Bank Restores Cheaper Funding
Turkish banking stocks surged following a central bank action that restored funding from its 37% policy rate. This move effectively lowered borrowing costs and boosted expectations for lenders' profit margins.
Related Signal
Adjacent reporting
- Turkey seeks to calm investors after opposition ruling sparks sell-off
- Emerging-Market Bond Sales Are Soaring Again as Investors Dive Back Into Risk
- Slowing Economy Gives Turkey Cover to Hold Interest Rates Again
- Turkey Liquidated Almost All Its US Treasury Holdings in March
- Turkey Overhauls Leadership at State Lenders Halkbank, Vakifbank