What is behind the halt in the Turkish lira’s decline and the future challenges?!
7/19Moody's, a rating agency, upgraded Turkey's foreign-currency long-term debt ratingB3→B1. This reflects the normalization of monetary policy operations due to the shift toward a tightening policy.
We explain the impact of the upgrade of Turkey and improvements in its economic fundamentals on the Turkish lira and the remaining challenges ahead.
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