HSBC:  Political risk, currency challenge

Istanbul mayor Ekrem Imamoglu was detained on 19 March, adding to the political uncertainty Türkiye faces and potentially complicating the challenge for macro policymakers.   Istanbul mayor Mr Ekrem Imamoglu was detained on 19 March, further complicating an already uncertain political outlook. Turkish assets responded negatively, with USD-TRY rising sharply prior to an intervention by … Continue reading HSBC:  Political risk, currency challenge