The currency reserve situation is so tenuous in Turkey that Barclays said the central bank there could be forced to raise interest rates another 100 to 150 basis points later this year, according to Barron’s. That ominous view on Turkey from Barclays comes just two months after the bank said Turkish stocks are one of the investment themes most vulnerable to the Federal Reserve’s plan to taper quantitative easing.
iShares MSCI Turkey ETF
ETF Trends editorial team contributed to this post.