Turkish Central Bank Pick an 'Opportunity Missed,' Bluebay's Ash Says

The transcript discusses the economic situation in Turkey, focusing on recent rate changes and leadership shifts within the central bank. It highlights the market's reaction to these changes, including interventions by state banks and the impact on the FX market. The discussion also covers potential future risks, such as the delivery of S400s and possible sanctions, which could lead to economic challenges similar to those faced in 2018.

In what ways has the offshore swap market been affected according to the speaker?

What does the speaker mean by 'not out of the woods yet' in relation to Turkey's economic situation?