Turkish Lira Weakens Past 8 per Dollar in Longest Rout Since 1999

What is one of the main economic challenges Erdogan is facing?

• Declining value of the lira

• Rising unemployment

• High inflation rates

• Increasing foreign debt

How did the central bank's recent actions affect the market?

• It stabilized the lira

• It disappointed the markets

• It led to a market rally

• It boosted investor confidence

What approach did the central bank take instead of an outright rate hike?

• Reduced government spending

• Increased foreign reserves

• Used a backdoor channel to tighten policy

• Implemented quantitative easing

What is Erdogan's stance on seeking help from the IMF?

• He has already secured a deal with the IMF

• He does not feel the need for IMF assistance

• He is considering IMF help as a last resort

• He is actively seeking IMF assistance

What is a major concern regarding the central bank's future actions?

• Its transparency in policy announcements

• Its focus on foreign investments

• Its unpredictability in decision-making

• Its ability to maintain low interest rates