Today, Russian central bank slashes key interest rate to 12.5% responding to a rally in the rouble and signs that inflation has peaked.
Fitch Rating Agency said Turkey’s capacity for external rebalancing is demonstrated by various measures, including its falling current account deficit. However, Fitch warned Turkey’s reliance on external financing remains large.
The necessary information about Fitch saying that India Less Vulnerable to Fed Risk Among Fragile Five: India, Brazil, Indonesia, South Africa and Turkey.
When I analyze the Current Account to GDP for India and Turkey, I can see the effects of oil prices’ fall this year, but still there is current account deficit large, especially in Turkey.