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Goldman Sachs Exclusive: New Turkey Strategy Explained

Goldman Sachs Group Inc. analysts have indicated a resurgence of the lira carry trade as Turkey intensifies its fight against inflation.

Goldman Sachs foresees revival of lira carry trade in Turkey as it tackles inflation through higher rates. PHOTO: KIMed/Reuters

The strategists foresee that, in the coming months, interest rates (adjusted for future inflation) will turn positive, as policymakers exert greater control over monetary levers to rein in price

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