Turkish markets are ‘on the verge of a renaissance moment,' Citi says

After more than half a decade of dramatically depreciating currency, burning through FX reserves and unorthodox monetary policy, Turkey's economy is battle-scarred.

Investors who ran from Turkey in droves over the last several years may want to start heading back, the latest report from Citi on the country's nascent signals.After more than half a decade of dramatically depreciating currency, burning through FX reserves and unorthodox monetary policy, Turkey's economy is battle-scarred.

The bank holds that the performance of the Turkish lira, as well as the country's sovereign and corporate bonds, will be determined primarily by" the CBT's success in re-anchoring expectations, which will be

Source: Financial Digest (financialdigest.net)

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