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Viewsroom

Viewsroom: Turkish trouble and emerging markets

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 25 March 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

President Tayyip Erdogan’s abrupt firing of a third central bank governor forced investors to contemplate whether this might precipitate a run on financial assets in other developing markets, including South Africa. Breakingviews columnists discuss the implications. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

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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