Bips & Pieces

Turkey’s Central Bank Cuts Rates More than Expected, Raising Concerns Over FX-Denominated Debt

Turkey’s Central Bank cut the policy rate by a full percentage point to 8.75% this week in a bid to lower the cost of domestic borrowing, but analysts warn the move could pile additional pressure on the country’s corporate sector by making it harder to pay back foreign currency debt.

By Bonds & Loans

Apr 23, 2020 // 2:30PM

Subscribe for access:

Subscribe

Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.

Want full access to market-leading conferences?

Subscribe

Related Reads

Vale Scoops Up USD1.5bn in Cross-Border Bond Outing

Jul 8, 2020

Deal with Bondholders Clears Path for Ecuador to Restructure USD17.4bn in Debt

Jul 7, 2020

COVID-19 Sets Per-Capita Income in Sub-Saharan Africa Back by Nearly a Decade – IMF

Jul 2, 2020

Jordan Raises USD1.75bn Through Dual-Tranche Bond Sale as Economic Reopening Continues

Jul 1, 2020

Recommended Stories

Vale Scoops Up USD1.5bn in Cross-Border Bond Outing

Vale Overseas, a special purpose vehicle set up and owned by Brazilian mining giant Vale, raised USD1.5bn in the international capital markets this week.

Jul 8, 2020

Deal with Bondholders Clears Path for Ecuador to Restructure USD17.4bn in Debt

The Republic of Ecuador has reached a preliminary deal with the its largest creditors, paving the way for the country to restructure nearly USD17.4bn in sovereign bonds.

Jul 7, 2020

Moody’s: Many Emerging and Frontier Markets Unlikely to Recover Until 2022

The coronavirus pandemic has weighed heavily on the fiscal performance and debt levels globally, with many emerging and frontier markets unlikely to recover until 2022 at the earliest according to Moody’s.

Jul 7, 2020

COVID-19 Sets Per-Capita Income in Sub-Saharan Africa Back by Nearly a Decade – IMF

Growth in Sub-Saharan Africa (SSA) is set to contract by twice the amount previous forecast in April, according to the latest IMF estimates, with per-capita income across the continent falling to levels not seen in nearly a decade.

Jul 2, 2020