Moody's, the international credit rating agency, maintained its rating for the Turkish economy at "B3", which is 6 notches lower than the high "investment grade". While it revised its future outlook from stable to “positive,” based on the change in Turkey’s monetary policy after the elections last May.
Moody's attributed the reason to a decisive change in economic policy that improves the prospects of reducing the currently very high inflation rates to more sustainable levels.
A return to conventional monetary policy improves the prospects of reducing Turkey's major macroeconomic imbalances.
Source (Al-Sharq Al-Awsat newspaper, edited)
