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BGC Partners: Food for Thought: The search for carry…
While the Central Bank of Turkey maintains its policy rate at 24%, the average TL deposit cost of Turkish banks have dropped below 20% as of mid-February 2019, from a high of 25% in the aftermath of the CBT’s sizeable rate hike in September 2018. We believe that the ongoing deleveraging process in the economy and the drop in the yield of the alternative instrument of short-term bond yields to 19.5%, led to this faster-than-expected decline in TL deposit costs.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Cagdas Dogan
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