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Turkish Markets Swept Up in Relief Rally as Election Risk Passes

(Bloomberg) The lira appreciated, government bonds gained and the costs to insure Turkish debt against default fell after President Recep Tayyip Erdogan signaled support for status-quo economic policy. Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterErdogan Suffers Historic Loss in Turkey Municipal ElectionsCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownTrump Pays $175 Million Bond to Avert Asset ....

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Global Banks Tear Up Forecasts for Turkish Rates After Huge Hike

(Bloomberg) Economists at the world’s biggest lenders have a lot of catching up to do in rewriting forecasts for Turkish interest rates after the central bank blindsided the market on Thursday with an unexpectedly steep hike.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Returns to Musk’s X With Post of Georgia Mug ShotTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 ....

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