A debacle at Turkey’s central bank
Firing yet another central-bank governor was a serious mistake
Aweek ago Turkey seemed poised to become this year’s emerging-market success story. Foreign investors were pouring back, lured by high interest rates. The central bank sounded serious about taming inflation. The lira was outperforming most of its peers. The economy could look forward to a year of strong growth.
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Erdogan’s own goal - A debacle at Turkey’s central bank | Europe | The Economist