Turkey
Capital outflows from EMs reverse in April to modest gains
The torrent of capital fleeing Emerging Markets (EMs) securities has stopped and these markets saw a modest inflow in April, reported the Institute of International Finance (IIF) on May 4.
Analysts caution against Turkish rate cuts despite fall in inflation to below 11% in April
With lira precariously weak, more monetary easing could pave way to repeat of 2018 currency crisis they warn.
“Sobering” PMI score for Turkish manufacturing in April
Steepest slowdown since global financial crisis as pandemic disruption takes terrible toll and lira weakness pushes up input prices. Index reading falls to 33.4 from 48.1 in March.