Getting Into a Full-Fledged Currency Crisis, Says TD Securities' Maggio

The transcript discusses the unexpected jump of the Turkish Lira to 6.3, causing a significant market reaction. The speaker reflects on the initial shock and the ongoing currency crisis, highlighting the lack of political will and the Central Bank's inability to act without government approval. The need for aggressive monetary policy measures is emphasized, with suggestions for a substantial interest rate hike to stabilize the currency. The discussion also touches on the market's current state and the necessity for decisive action to address the crisis.

How did the market react to the proposed economic program by Albayrak?

Evaluate responses using AI:

OFF

What was the suggested repo rate to stabilize the currency?

Evaluate responses using AI:

OFF