Turkish Lira's Coup Slide Expected to Slow Rate Cuts

The video discusses the significant depreciation of the Turkish lira and its impact on Central Bank decisions, particularly in the context of a recent coup attempt. It explores the relationship between the Central Bank and the government, highlighting President Erdogan's preference for lower interest rates. The video also covers the extensive purges in Turkey, detailing the number of detentions and dismissals. Despite these events, life in Istanbul appears normal, with public support for Erdogan visible in nightly street gatherings.

What was the initial expectation for the Central Bank's interest rate decision before the coup attempt?

• A 50 basis points cut

• A 25 basis points increase

• A 75 basis points cut

• No change in rates

How does the Turkish government currently view the Central Bank's autonomy?

• The government is indifferent to the Central Bank's actions

• The government is strictly controlling the Central Bank

• The government is pushing for immediate rate hikes

• The government is allowing the Central Bank to act independently

What is the approximate number of people detained in Turkey following the attempted coup?

• 14,000

• 18,000

• 7,500

• 5,000

What is the public atmosphere in Istanbul following the purges?

• There are widespread protests against the government

• People are fearful and staying indoors

• The city is under strict curfew

• Life has returned to normal with no visible changes

What activity is taking place in the streets of Istanbul at night?

• Celebrations and vigils by Erdogan supporters

• Military parades

• Protests against the government

• Complete silence and empty streets