FT: In charts: can Erdogan’s gamble keep the Turkish lira steady?
Source:Financial Times Date:21Feb2022
Erdogan, a staunch opponent of high interest rates, triggered a collapse in the currency at the end of last year when he ordered the central bank to aggressively cut borrowing costs despite
Turkish lira steadies after tumbling 44% in tumultuous 2021
Source:Financial Times Date:28Jan2022
Laure Pitel has done an excellent job of tracking the developments that led to the stabilization of Turkish Lira. Her interviewees suspect CB intervention, albeit at a modest scale. I