Türkei erhöht Leitzins

Ziemlich sang und klanglos endet der Kampf des türkischen Präsidenten gegen hohe Zinsen. Und glaubt man Bloomberg ist diese Erhöhung erst der Anfang:

Turkey’s Central Bank hiked interest rates by a drastic 6.5 points to 15% on Thursday, a dramatic U-turn from Turkish President Recep Tayyip’s Erdogan long-term but unconventional economic policy of low-interest rates, which has caused soaring inflation.

The tightening of monetary policy follows the central bank's first monetary policy committee meeting held under the bank’s newly appointed first-ever female Governor Gaye Erkan, “The committee decided to begin the monetary tightening process in order to establish the disinflation course as soon as possible, to anchor inflation expectations and to control the deterioration in pricing behavior,” a statement from the bank said.

“Monetary tightening will be further strengthened as much as needed in a timely and gradual manner until a significant improvement in the inflation outlook is achieved,” the statement added.

Beeindruckt von diesem Schritt zeigten sich die Märkte derweil nicht, die Lira viel weiter und hat seit den Wahlen weitere 20% an Wer verloren.