The sacking of Turkey’s central bank governor, as well as the (possible) departure of Finance Minister and President Erdogan’s son-in-law Berat Albayrak, has prompted a rally in local financial markets on expectations that breaks within the ruling AK Party are forcing a positive shift in Turkey’s economic management. But there is a major risk that policy decisions in the coming weeks send the country hurtling into a severe balance of payments crisis.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.