Rate Cuts Expected After Turkish Lira Hits Record Low

The video discusses President Erdogan's decision to fire three central bank officials, which led to the Turkish lira reaching record lows against the dollar. Damian Sassower from Bloomberg Intelligence provides insights into the central bank's voting dynamics, Erdogan's aggressive growth strategy, and its impact on Turkey's economy. The discussion also covers the trends in currency and foreign investments, highlighting the geopolitical implications of Erdogan's policies, including Turkey's relations with Washington and Moscow.

What are the implications of Erdogan's policies on central bank credibility?

What geopolitical factors are influencing Turkey's current situation?