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Turkey’s Recently Decapitated Central Bank Gives Erdogan Massive Rate Cut
Markets were on edge headed into today's CBT meeting.
After all, it was just three weeks ago when T
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If you understand why the Lira would rally, could you elaborate? It doesn’t make much sense to me, unless there’s intervention of some sort.
well, the cut was less than the 600bp some people were projecting and remember, this is a world where the hunt for yield is all that matters. it’s carry mania and there’s some return to be had here
Fair enough. Thanks!