Believe it or not, Recep Tayyip Erdogan let Murat Uysal hike rates on Thursday. Turkey careened
Category: lira
Meanwhile, Turkey Plays With Fire
The “or else” approach.
Meanwhile, In Turkey…
Inflation jump drives real rates further into negative territory, while Erdogan “neutralizes” nearly three-dozen of Assad’s troops.
Eight Months After Bear Market, Erdogan Drives Real Rates Negative As Local Stocks Boom
You can’t keep a “good” autocrat down.
Erdogan Gets Another Giant Rate Cut As Turkey Virtually Wipes Out Real Rate Buffer
Unlike Donald Trump, when he “asks” for something from the central bank, he gets it.
Some Key Geopolitical Context As Turkey’s Captive Central Bank Delivers Another Big Rate Cut
So much winning – for one man, anyway.
‘We Got Everything We Wanted’: Turkish Assets Revel In Erdogan’s Easy Win Over America’s Pushover President
Meanwhile, SANA said a Turkish airstrike hit a village in Ras Al-Ain
Putin Not Convinced Erdogan Can Commit Genocide Without Accidentally Jailbreaking Insane Militants
“[I’m] not sure the [Turkish] military will be able take this under control”.
Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan
It still won’t be enough for the autocrat, though.
Turkish Lira Warily Eyes US Sanctions Threat, Erdogan Rate Cut Promises
“We’re looking at that”.
Meanwhile, In Turkey, Erdogan Purges Central Bank, Gets $1 Billion High Five From China
“Really disappointing”.
Turkey’s Recently Decapitated Central Bank Gives Erdogan Massive Rate Cut
Markets were on edge headed into today’s CBT meeting.
Matches: Full Week Ahead Preview
There are lots of matches just waiting to be struck.Â
Erdogan Plays With Fire, Promises Rate Cuts As US Said Ready To Announce Sanctions In S-400 Spat
“You can’t keep a good autocrat down”.
‘This Story Is So Incredible’: Erdogan Gets His S-400s As Turkey Dares Trump To Pull Sanctions Trigger
Trump effectively blessed this in Osaka.
Plunging Lira, Deutsche Bank News, Japan-Korea Spat Make For Inauspicious Start To Crucial Week
None of this sets a particularly upbeat tone.
In Epically Brazen Move, Erdogan Ousts Central Bank Governor, Reminds Everyone Who Is In Charge
“[I] don’t know why Erdogan does not just take the job himself”.
Trump Would Hate To Have To ‘Cripple’ Turkey’s Economy Over S-400 Dispute
Maybe and autocrat-to-autocrat chat at the G20 can solve it.
Turkey Just Rolled Out Another Desperate-Sounding ‘Fix’ Ahead Of Istanbul Rerun
Expect Turkey to be back on the front burner come next week.
Erdogan Meets The Bear
And capital control whispers are getting louder.
Lira, Turkish Stocks Crash (Again)
Erdogan will now loot “legal reserves” to plug budget holes.
‘Big League’ Drama: Full Week Ahead Preview
Barring something (else) out of left field, the week ahead will be dominated by trade jitters.
Desperate Times…
… call for desperate measures.
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