FALLOUT NEW CALIFORNIA REPUBLIC FLAG FULL

The cost of protecting against Turkish asset defaults, measured by credit default swaps (CDS), jumped to its highest in months at 450 basis points after the rate cut. Turkey has the most negative real interest rates across emerging markets, a red flag for investors, and the lira has been among the worst performers for several years running due in large part to bruised monetary credibility. read moreДЄfter the policy meeting, the MPC said 'supply-side transitory factors leave limited room for a downward adjustment to the policy rate until the end of the year.' It has shed 22% this year, with most of the drop since the beginning of September when the bank began giving dovish signals.Д®rdogan has long called for monetary stimulus to boost credit, exports and jobs and has sacked the last three central bank governors in less than 2-1/2 years, eroding the bank's credibility and sending foreign investors fleeing.ДЄ self-described enemy of interest rates, Erdogan fired three more monetary policy committee (MPC) members just last week - including two seen to oppose rate cuts - setting the stage for more easing. The lira weakened as much as 3% to a record 9.501 versus the dollar before paring some losses. 'All this can only end in a lira crash,' he said. the real economy getting seriously hurt by the currency,' said Ulrich Leuchtman, analyst at Commerzbank in Frankfurt.

'The move is consistent with Erdogan's view, but his monetary policy is simply wrong and now we are running the risk of. read moreДЄnalysts called the latest cut reckless given it left Turkey's real yields sharply negative, and it runs against the grain of a world in which central banks are raising rates to head off a global inflation spike. The central bank, under pressure from Erdogan who has replaced much of the bank's top leadership this year, also surprised markets last month with a 100-point cut that sent the lira tumbling to new depths. The rate cut was twice as much as the most dovish estimate in a Reuters poll, which forecast the policy repo rate (TRINT=ECI) would fall by only 50 or 100 basis points. The bank said there would be little room for more rate cuts this year given what it called transitory price pressure on food, energy and other imports, which have sent Turks' living costs soaring as the currency depreciated. ISTANBUL, Oct 21 (Reuters) - Turkey's central bank shocked markets again by slashing its policy rate by 200 basis points to 16% on Thursday, sending the lira to a new all-time low and delivering the easing demanded by President Tayyip Erdogan despite rising inflation.

Move to exacerbate rising costs of living.

Central bank says little more room to ease this year.

Lira selloff accelerated after last month's shock cut.

Erdogan's hand seen behind 'simply wrong' policy.

It also makes the tee versatile and easy to style. The shirt comes in charcoal gray which is the perfect neutral background to let the artwork stand out.

We added a distress effect on the print to give it an appropriately post-apocalyptic look.

FALLOUT NEW CALIFORNIA REPUBLIC FLAG FULL

It features the NCRвЂ™s flag in full color on the chest. Wear your pride for one of the WastelandвЂ™s most powerful factions with this stylish tee. YouвЂ™re not вЂњsome blind, flag-saluting do-as-they-will NCR lover.вЂќ But if youвЂ™re on the side of the two-headed grizzly, itвЂ™s hard not to flaunt it.

Material:В 100% combed and ring-spun cotton jersey.

Back:В Small red Fallout logo below the neckline.

Front:В Distressed New California Republic Tee on chest.

Embody all that the NCR stands for with your Fallout New California Republic Flag Tee! FEATURES Democracy, liberty, rule of law, and a badass flag.

Fallout new california republic flag