How Will Erdogan's Win Impact Monetary Policy, Lira?

The transcript discusses the economic uncertainty in Turkey, focusing on the potential directions the new administration might take. It highlights the tension between implementing austerity measures and the political need to win upcoming local elections. The central bank's challenges in managing rising interest rates and external pressures are examined. The discussion also touches on the risks of continued expansionary policies and the potential impact on the Turkish lira, with markets likely adopting a wait-and-see approach until the new cabinet is formed.

What are the implications of Turkey's chronic external financing requirement?

What factors will influence market reactions to the new cabinet and President Arden's policies?