Turkey ruled out capital controls on Thursday in its efforts to defend the lira’s value and tame inflation, leaving investors guessing about a new economic package by Prime Minister Tayyip Erdogan might contain. Finance Minister Mehmet Simsek said there was no question of restrictions on capital movements after an emergency interest rate hike late on Tuesday failed to lift the lira currency substantially from record lows. Erdogan, facing a corruption investigation months ahead of elections, was quoted late Wednesday as saying “a Plan B or a Plan C” for the economy may be announced in the coming days or weeks. He has voiced a need to sustain growth as Turks prepare to vote and he has railed against what he describes as an “interest rate lobby” of speculators seeking to hike rates and stifle Turkey’s economic progress.
Investors Left to Guess about Turkey’s Next Economic Move
Like This Article?
Now Get a FREE Special Report:
3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Get Access to the Report, 100% FREE
The U.S. economy expanded at a 3.2 percent pace in the fourth quarter as Americans’ spending rose the most in three years, signaling clear improvement heading into 2014.
PREMIUM SERVICES FOR INVESTORS
Dr. Mark Skousen
Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.
- Forecasts & Strategies
- Home Run Trader
- Fast Money Alert
- Five Star Trader
- TNT Trader
A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.
- Cash Machine
- Premium Income (exclusively for subscribers of Cash Machine)
- Quick Income Trader
- Breakout Profits Alert
- Hi-Tech Trader
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
- Successful Investing
- Intelligence Report
- Bullseye Stock Trader
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
- Retirement Watch
- Retirement Watch Spotlight Series
- Lifetime Retirement Protection Program
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:
- Investment House Daily
- Technical Traders Alert
- Success Trading Group
Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.
Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.
- Dividend Investor