© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Turkish lira could plunge 15% as Erdoğan faces market wrath for sacking bank chief

Removal of governor by Turkey’s president is ‘one of the worst public policy decisions in history’ and risks destabilising fragile economy

The Turkish lira could plunge up to 15% in an “ugly reaction” when financial markets reopen on Monday, analysts have warned, after president Recep Tayyip Erdoğan sacked the country’s central bank chief days after a sharp rise in interest rates.

With one expert calling the decision one of the worst public policy decisions in history, Erdoğan shocked global investors by removing the bank chief after only five months and replacing him with a party loyalist.

Continue reading…

Related posts

Leaked UN experts report raises fresh concerns over UAE’s role in Sudan war

AEA3

Manchester United v Arsenal: Premier League – live

AEA3

Tory MP Bob Stewart showed ‘racial hostility’ towards activist, court told

AEA3

Pin It on Pinterest

Share This