Turkish credit conditions improving
The Central Bank of Turkey's rate-setters noted that the cuts implemented since November 2008, combined with improvements in global risk perceptions, had started to exert favourable effects on credit markets, the minutes for the 19 November meeting reveal.
The minutes said oil and other commodity price movements constitute an important risk factor, and also noted that ample liquidity driven by countercyclical policies on a global scale had encouraged speculative investments not only into
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