Moody's: Turkey's Shift to Traditional Economic Policies Will Be Positive

The credit rating agency "Moody's" stated on Tuesday that "Turkey's shift to more traditional and predictable economic policies will undoubtedly be positive for the credit rating and comes earlier than we expected." This follows President Recep Tayyip Erdoğan appointing a new finance minister and a new central bank governor after winning a new term last month. The central bank is expected to significantly raise interest rates next Thursday after they remained much lower than the inflation rate over the past two years.