Fri. Dec 8th, 2023

Turkey’s credit default swap (CDS) premium has been steadily decreasing, indicating a positive shift in the country’s loan repayment status and risk premium. Last week, the CDS premium fell below 350 basis points, reaching its lowest level since March 19, 2021. This decline is happening alongside the Central Bank of the Republic of Turkey (CBRT) interest rate decision.

The CBRT is expected to make an announcement on its November interest rate decision on Thursday. Markets anticipate a slower interest rate hike of 250 basis points following the Central Bank’s recent increase of a total of 2650 basis points in an attempt to stabilize the economy over the past five meetings.

In other news, various advertisements for products and services were promoted, including appliance repair, car speakers, weight loss medication, and online gambling. Additionally, there were links to articles and podcasts on topics such as hiring a consultant for Microsoft Dynamics AX and motorcycle safety.

However, one link led to explicit content that is unsuitable for this document and has been excluded.

By Editor

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