31 days ago • Posted by Jasper Lawler

Erdogan may have just ushered in a currency crisis in Turkey

Turkey picks worst time to fire central banker. Erdogan removed hawkish Gov Agbal, replacing him w/professor who says high interest rates cause inflation. Widening CA deficit, depleted FX reserves & inflation at 16% make a currency crisis more likely.

Source: https://twitter.com/Schuldensuehner

Erdogan may have just ushered in a currency crisis in Turkey
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