Turkey Tightens Institutional Grip After Court Rules Erdogan Opposition Removal

Turkey’s central bank became the country’s political shock absorber after a court ruling against the main opposition collided with fresh state moves over universities and local governments, forcing markets to price institutional risk before investors could finish pricing monetary policy. The most visible cost was in currency defense. Reuters reported that traders estimated the central […] The post Turkey Tightens Institutional Grip After Court Rules Erdogan Opposition Removal appeared first on the deep dive.