RIYADH, Dec 17 (Arab News): Turkiye is urging foreign investors to consider government bonds that offer yields in Turkish lira as the country approaches the end of its tightening monetary cycle, according to the central bank's chief.
Turkish Central Bank Gov. Hafize Gaye Erkan stated that the country is currently approaching economic stability and Turkish lira bonds will yield significant returns, Bloomberg reported, citing Erkan's interview with Turkish daily newspaper Hurriyet.
"At this time next year, we will be in a more moderate environment in terms of inflation and monetary tightening. I advise foreign investors to seize the opportunity now, as the yields will be lower after this time," she said.
She indicated that while the stringent monetary policies have started to influence consumer prices, she does not anticipate inflation dropping to single digits until at least 2026.
Turkiye's lira bonds set to yield promising returns
Says Central bank governor
FE Team | Published: December 17, 2023 23:50:52
Turkiye's lira bonds set to yield promising returns
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