Key aide to Boris Johnson quits, ECB set to expand help, TikTok deadline, Turkish lira
FT News Briefing
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Erdogan's Economic Turmoil: The Lira's Plunge and Political Fallout
This chapter delves into the economic challenges facing Turkey, particularly President Erdogan's stance on interest rates and inflation. It highlights the central bank's decision not to raise interest rates, the subsequent drop in the Turkish lira, and the significant political fallout, including key resignations in Erdogan's government.
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