Kalkan Turkey Forum - EnjoyKalkan.com
Kalkan Discussion => Money & Finance => Topic started by: MartynE on May 18, 2013, 06:36:46 AM
-
The Turkish authorities have just cut the main interest rate by 0.5% in order to boost growth, coinciding with a raising of Turkey's international credit rating to "investment grade" so that's good news for local businesses and the wider economy.
Not so good for those relying on savings interest to supplement their income, however... and this is not likely to be the last cut either... maybe the time is approaching to take money out of Turkish savings accounts and into longer term savings vehicles such as bonds and equities... depends on your attitude to risk of course, but then investing in a Turkish lira account is hardly a risk-free strategy for UK investors anyway!