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(Bloomberg) -- Investors who bought into Turkey’s transformation story are unusually optimistic after the shock departure of central bank Governor Hafize Gaye Erkan, expecting her successor to intensify an orthodox push in the nearly $1 trillion emerging market.Most Read from BloombergStock Market’s ‘Rah-Rah Mob’ Confronts February’s Weak RecordMusk Took Drugs With Some Tesla Board Members, WSJ SaysBiden Swipes at Trump’s Personality in ‘Weirdest Campaign’ YetWorld Cup 2026 Final Goes to NYC in

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The lira fell as much as 1.1 percent to a fresh all-time low of 9.1883 per dollar on Thursday.

Turkey Governor to Bet Inflation Has Peaked: Decision Day Guide May 06 2021, 6:30 PM May 06 2021, 9:30 AM May 06 2021, 6:30 PM (Bloomberg) -- Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here (Bloomberg) -- Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here Turkey’s central bank is expected to leave its benchmark interest rate unchanged for a second meeting on Thursday afte...

Turkey Central Bank Says Rates Won’t Be Cut Quickly After Pause Bloomberg 1/21/2021 Cagan Koc (Bloomberg) -- Turkey’s central bank left its benchmark interest rate unchanged at 17% at the first monetary policy meeting of the year, pledging to keep it elevated for an “extended” period. The lira rose. The Monetary Policy Committee’s decision was in line with the forecasts of most analysts in a Bloomberg survey. The dissenters, including economists at Morgan Stanley and Societe Generale SA, had predicted an increase of 50 to 100 basis points. The committee “has deci...