The decline in Turkey’s five-year credit default swap (CDS) over the past week is an indication of improvement in the country’s loan repayment status and risk premium. This decrease has occurred amidst the Central Bank of the Republic of Turkey (CBRT) interest rate decision, with markets anticipating a slower hike of 250 basis points on Thursday. Over the past five meetings, the CBRT has increased the interest rate by a total of 2650 basis points to stabilize the economy.
Meanwhile, various products and services were advertised on social media platforms, including appliance repair, car speakers, weight loss medication, and online gambling. There were also links to articles and podcasts on topics such as hiring a consultant for Microsoft Dynamics AX and motorcycle safety. However, one link led to explicit content that is deemed inappropriate for this document and has been excluded.