The International Monetary Fund (IMF) Managing Director Christine Lagarde is out on the wires now, via Bloomberg TV, expressing her concerns over Turkey and its local currency, the Lira.
Key Headlines:
Turkey is under pressure from markets.
Important for CBRT to be independent.
Markets see inconsistencies in Turkey policies.
Central bank governors should be left to do their jobs.
Turkey has ‘really strong’ fundamentals.
IMF has previously said dollar strengthening would affect emerging markets.
A stronger dollar will unsettle some emerging markets.
Really pleased where the global economy is now.
The global economy is on a much stronger footing now.
Downsides of trade have been ignored for a long time.
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