As Erdogan Fights Turkey's Central Bank, Economic Reforms AnticipatedMark Melin
After a coup attempt was foiled in Turkey last July, and in the aftermath of an authoritarian crackdown on what was a liberal democracy inside a majority Islamic nation, the reign of President Recep Tayyip Erdogan is focusing on control of the independent central bank. As a fight over interest rates wages – the Central Bank of the Republic of Turkish recently raised rates against Erdogan’s publicly stated desire – Morgan Stanley has its eyes focused on Thursday, when an economic reform package is set to be announced by Erdogan . . .
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