Turkey’s Capital Markets Board bans short selling transactions on Istanbul Stock Exchange for 1 month
Decides to ease equity ratio requirement when making credit capital markets transactionsRemoves maximum limit for total amount to be used for share buybacks of listed companiesMeanwhile, at the Turkish central bank, The Central Bank of the Republic of Turkey, the governor said the bank pays attention that measures are market friendly
Via Reuters report:
The central bank declined to comment on the meeting, which tool place hours after Istanbul Mayor Ekrem Imamoglu was jailed pending a trial on corruption charges. Turkish assets sold off sharply last week when he was detained.---
Turkey is currently experiencing a period of economic and political turmoil marked by a deepening cost-of-living crisis, a weak lira, and persistently high inflation—officially above 60%—which has eroded household purchasing power.
President Erdoğan’s earlier insistence on unorthodox economic policies, like keeping interest rates low despite rising inflation, worsened the situation, although his administration has reversed course and begun tightening monetary policy.
Meanwhile, there are growing concerns about political freedom, judicial independence, and the centralisation of power under Erdoğan’s long rule. The combination of economic hardship and political tension has sparked discontent among many Turks, while international investors remain wary despite recent signs of policy correction.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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