Turkish central bank tackles coronavirus fallout with record bond-buying spree

Financial Post | Apr 4, 2020 at 9:53 AM
  • Turkey’s central bank made record purchases of government bonds last week to stem fallout from the coronavirus outbreak that has pushed the economy to the brink of its second recession in less than two years.
  • Turkey has more than 20,000 confirmed cases of the new coronavirus, putting it ninth globally after a surge in recent weeks.
  • The highest recorded weekly purchases aim to backstop fiscal spending and bolster the insurance fund.