ISTANBUL: Four days after Turkey’s official borrowing costs fell below zero when adjusted for inflation, Treasury and Finance Minister Berat Albayrak said it’s the nominal interest rate that “matters more” and suggested the country’s currency should be at a more favourable level.
Turkey needs a “more competitive” lira, Bloomberg HT cited Albayrak as saying at a news conference here. “The negative real rate is not new in Turkey. What matters more is the nominal rate.”
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