Turkey's fund crisis is entering a new phase, with authorities beginning repayments to frozen savers and the central bank rolling out liquidity support to steady market functioning
Turkey's fund crisis is entering a new phase, with authorities beginning repayments to frozen savers and the central bank rolling out liquidity support to steady market functioning. Equities opened higher on Thursday, though the manufacturing PMI slipping into contraction territory points to softening activity underneath. The detention of another opposition mayor in a corruption probe keeps the political risk premium elevated even as the repayment process offers some relief.
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