Global investors who had wagered on Turkey’s return to a more orthodox monetary policy braced for a rough ride after President Recep Tayyip Erdogan replaced the central bank’s hawkish governor with an advocate of low rates. Erdogan fired Governor Naci Agbal, who had boosted the central bank’s credibility by delivering 875 basis points of interest-rate increases since his appointment in November. While Agbal’s shift toward market-friendly policies helped make the lira the best carry-trade currency this year through March 19, the gains may unravel after the president gave the job to Sahap Kavcioglu, a professor … (full story)
We accept
More payment methods coming soon…
“CMX MARKETS” Ltd does not accept clients from the following jurisdictions: Afghanistan, American Samoa, The Bahamas, Botswana, Democratic People’s Republic of Korea, Ethiopia, Guam, Iran, Iraq, Libya, Pakistan, Panama, Puerto Rico, Samoa, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, US Virgin Islands, USA and Yemen.
Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved.
Office: Republic of Moldova, mun. Bălți, str. Dostoevschi, nr. 12, tel: +373 (231) 84 012
Secured By SSL.
Copyright © CMXMarkets. All rights reserved.