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Turkey’s crisis in four charts

Following yesterday’s interest rate cut in Turkey, the lira has plunged again and is now faring worse than other Emerging Europe currencies have done during recent sudden stops. There are some signs of stress emerging in the banking sector. These aren’t at the stage yet that will get policymakers to turn course nor result in a more severe crisis, but this is a key area to watch.
Jason Tuvey Senior Emerging Markets Economist
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