Foreign Investors Weighing Return to Turkey Following Significant Rate Hike

Turkey's recent interest rate hike has caught the attention of foreign investors who may consider returning to Turkish assets if authorities continue to demonstrate a commitment to orthodox monetary policy. The central bank's surprise move to raise rates by 750 basis points to 25% has sparked optimism among investors. Turkish officials plan to publish a comprehensive economic program next month and hold meetings with investors abroad to further attract foreign investment. However, convincing investors will not be easy after years of unorthodox policies and a decline in foreign investment.