Can Turkey Regain Market Credibility?
Bloomberg Real Yield
May 26th, 2018, 12:50 AM GMT+0200
The lira has been one of the currencies hardest hit by an emerging-market sell-off this year amid concern the nation’s interest rates are too low given a current-account deficit and double-digit inflation. President Recep Tayyip Erdogan, who launched a re-election campaign on Thursday that may provide the toughest electoral test of his 15 years in power, favors lower interest rates to boost the economy. Henry Peabody, portfolio manager at Eaton Vance, and Matt Brill, head of U.S. investment grade for Invesco Fixed Income, join Bloomberg's Jonathan Ferro and Lisa Abramowicz to discuss the market and political pressures on Turkey, and other emerging markets.
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