Turkish Markets Rise on Bets Governor Switch Won't Derail Policy

Updated on
  • Naming of deputy as central bank governor cheers investors
  • Lira climbs most in two weeks against dollar; stocks gain 1.8%

The lira strengthened the most in two weeks and Turkish bonds climbed to a five-month high on optimism the country’s monetary policies won’t be derailed when central bank Governor Erdem Basci’s term expires next week.

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