Comments on: Turkey sets dovish tone for emerging central banks http://blogs.reuters.com/macroscope/2011/08/10/turkey-sets-dovish-tone-for-emerging-central-banks/ Shining a light on the dismal science Sun, 26 May 2013 01:36:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: SebastianTong http://blogs.reuters.com/macroscope/2011/08/10/turkey-sets-dovish-tone-for-emerging-central-banks/comment-page-1/#comment-2524 SebastianTong Thu, 18 Aug 2011 14:29:10 +0000 http://blogs.reuters.com/macroscope/?p=5281#comment-2524 The market's opinion on Turkey's unorthodox monetary policy moves looks to be turning as global growth forecasts are revised down. Just witness Societe Generale's head of emerging markets strategy Benoit Anne's mea cupla in his latest note: "On that note, I guess I need to apologize to the Central Bank of Turkey which on many occasions had been the object of my sarcasm over the past few months: the Central Bank of the Republic of Turkey is actually at the forefront of policy-making in the emerging-markets universe. And I bet some other central banks will follow suit with rate cuts in the pipeline." The market’s opinion on Turkey’s unorthodox monetary policy moves looks to be turning as global growth forecasts are revised down.

Just witness Societe Generale’s head of emerging markets strategy Benoit Anne’s mea cupla in his latest note:
“On that note, I guess I need to apologize to the Central Bank of Turkey which on many occasions had been the object of my sarcasm over the past few months: the Central Bank of the Republic of Turkey is actually at the forefront of policy-making in the emerging-markets universe. And I bet some other central banks will follow suit with rate cuts in the pipeline.”

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