ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Turkey's monetary experiment holds lessons for Asia's central banks

Blindly following the Federal Reserve's rate moves brings risks to region

| Turkey
Turkish President Tayyip Erdogan, right, and Central Bank Gov. Sahap Kavcioglu in Ankara on June 8: Kavcioglu has embraced Erdogan's ideas.   © Reuters

Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."

The Turkish central bank has baffled traditional economists over the past year with its unconventional approach to monetary policy in the wake of capital outflows, currency depreciation and raging global inflation.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more