Viewsroom: Turkish trouble and emerging markets
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 25 March 2021
⏱️ 16 minutes
🧾️ Download transcript
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| 0:00.0 | Where do you find a clear signal in a world of static? |
| 0:03.2 | In a time of rapid change cut through the noise, |
| 0:06.2 | the economist goes beyond the headlines to decode the forces shaping today and defining tomorrow. |
| 0:12.7 | Get the full story. |
| 0:14.1 | It's more than news. |
| 0:15.4 | It's a trusted global perspective. |
| 0:17.2 | The economist know which way is up. |
| 0:20.8 | The views expressed on this podcast are those of the participants, not of Roiders' News. |
| 0:30.9 | Welcome to the Views room, a weekly podcast brought to you by Reuters Breaking Views. I'm Rob Cox, |
| 0:35.6 | the editor of Breaking Views, coming to you from the Zurich. While investors in developed economies debate the risk of future |
| 0:41.1 | inflation, Turkey seems hell-bent on ignoring rising prices long after they've arrived. |
| 0:46.7 | The last man appointed to tackle the country's inflation problem paid the price for doing |
| 0:50.6 | his job earlier this week. President Tayyip Erdogan abruptly fired central bank |
| 0:55.5 | governor Naqqi Agbal, replacing him with someone who opposes higher rates. It's the third |
| 1:00.4 | such rejection in less than two years, and it couldn't have come at a worse moment. The violent |
| 1:05.2 | response by investors, however, may be a helpful reminder to other leaders in emerging markets, |
| 1:09.3 | like South Africa Africa of what happens |
| 1:11.3 | when they start meddling in interest rate policy. For more on this, I'm delighted to hand |
| 1:15.6 | the mic over this week to EMEA editor Peter Thel Larson, who speaks with Dasha Anafasieva and |
| 1:20.8 | Ed Cropley, two veteran columnists who've spent time in both Turkey and Africa. Give a listen. |
| 1:26.5 | To lose one central banker may be regarded as a have spent time in both Turkey and Africa. Give a listen. |
| 1:28.7 | To lose one central banker may be regarded as a misfortune. |
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