Turkish rate hike needs follow through for real game change

Turkish policymakers are no strangers to unexpected action when in a tight corner, but analysts said Thursday's surprise interest rate hike could herald a change of tack on monetary policy.Although raising rates by 200 basis points during a global pandemic and slump is unusual, analysts welcomed the Central Bank of Turkey's (CBT) response in the face of rising inflation."It was a bold move by the CBT which should restore credibility and improve investor sentiment," said Christian Wietoska at Deu