Erdogan Fires Three Central Bank Interest Rate Opponents

The video discusses the impact of President Erdogan's influence on Turkey's central bank policy, particularly regarding interest rates. The Turkish lira has weakened, and Erdogan's recent firing of three central bank committee members suggests a push for further rate cuts, despite rising inflation. Analysts are revising their expectations, with some predicting a significant rate cut in the near future.

What is the main reason behind the Turkish lira's recent record low against the dollar?

• Global economic downturn

• President Erdogan's influence on interest rates

• Rising oil prices

• Increased foreign investment

What action did President Erdogan take that increased his influence over the central bank?

• He fired three members of the rate-setting committee

• He increased the interest rates

• He introduced new monetary policies

• He appointed a new central bank governor

What is the expected outcome of the recent changes in the central bank's committee?

• Higher inflation rates

• More interest rate cuts

• Increase in foreign investments

• Stabilization of the lira

How have analysts adjusted their expectations for the Turkish Central Bank's interest rate decisions?

• They foresee a 100 basis point rate cut

• They anticipate a 50 basis point rate cut

• They predict no change in rates

• They expect a 200 basis point increase

Which economist recently changed their prediction for the Turkish Central Bank's rate cut?

• An economist from Deutsche Bank

• An economist from Goldman Sachs

• An economist from JP Morgan

• An economist from HSBC portfolio management