The Turkish Lera Has Taken a Plunge

Gulchin oskanof is professor of finance at king's college london. She explains that this is by no means the first time that the turkish lera has taken a plunge. Elections are coming up in june 20 23, so we are about 18 months away from them. That also puts huge pressure on the current government in terms of their policy choices. In short erdean doesn't want his financial wings to be clipped. Low interest rates and the freedom to spend are central to his efforts to win votes.