🇹🇷 #Turkey Lira plunged as much as 17% following President Recep Tayyip Erdogan’s shock decision to replace the country’s central-bank chief.
⚠️ 🇹🇷#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.
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.
⚠️ 🇹🇷 #Turkey stocks slump 7%, triggers circuit breakers after Central Bank Governor Agbal fired.
⚠️ 🇹🇷 #Turkey Лира упала до 11 за доллар перед принятием решения по ключевой ставке.