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Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation

June 30, 2022

Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told Reuters, as insurers seek a new mechanism to protect their capital from soaring inflation.

Turkey’s inflation rate hit 73.5% in May and is expected to rise further in the country where real yields are sharply negative and the central bank’s policy interest rate has been held at 14% since December.

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