Turkey Must Pair Rate Hike With U.S. De-Escalation, Says Rahman

The transcript discusses the challenges faced by Erdogan, focusing on his need to improve relations with the US and EU. It highlights market expectations for a rate hike and the necessity of de-escalating tensions with the US, particularly regarding Pastor Brunson. The narrative suggests Erdogan has overplayed his hand, seeking leverage in US-Turkey relations, especially concerning Iranian sanctions. The discussion also touches on Turkey's external partners, noting that China, Russia, and the GCC are unlikely to support Turkey, leaving the EU as a potential financial backstop.

What is the primary challenge Mr. Erdogan faces according to the discussion?

• Increasing domestic production

• Expanding military operations

• Reducing inflation

• Improving relations with the US and EU

What is the market's expectation regarding Turkey's economic policy?

• Introduction of new taxes

• A decrease in interest rates

• A rate hike

• Currency devaluation

What has infuriated the US side in the US-Turkey relations?

• Turkey's military actions

• Erdogan's leverage tactics

• Halkbank's violation of Iranian sanctions

• Turkey's trade policies

Which countries are mentioned as not likely to support Turkey financially?

• Australia, Canada, and New Zealand

• Brazil, Argentina, and Mexico

• India, Japan, and South Korea

• China, Russia, and the GCC

Towards which region has Erdogan shown a more conciliatory tone due to financial concerns?

• South America

• Europe

• Africa

• Asia