Turkish President Recep Tayyip Erdogan reportedly removed the head of the country's central bank for refusing to lower interest rates. Erdogan has repeatedly criticized the central bank for having kept its benchmark interest rate at 24% since last September, arguing that the approach was hurting the economy. Visit Markets Insider for more stories.
Turkish President Recep Tayyip Erdogan reportedly removed the head of the country's central bank for refusing to lower interest rates. Erdogan has repeatedly criticized the central bank for having kept its benchmark interest rate at 24% since last September, arguing that the approach was hurting the economy. Visit Markets Insider for more stories.
Good!
When are politicians starting to admit light cannot be put in a box?
And by doing so cemented Turkey’s slide into authoritarianism. If I was an investor in Turkey right now I’d be heading for the exists. That includes people holding the TUR-US ETF.
Isn’t this Donald Trump?