Skip to content
Subscriber Only
Markets
Economics

Turkey’s Jumbo Rate Cut Secures Uneasy Truce for Erdogan, Market

Recep Tayyip Erdogan on Sept. 5. 

Recep Tayyip Erdogan on Sept. 5. 

Photographer: Adem Altan/AFP via Getty Images

Updated on

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here

Turkey’s new central banker is striking a balance that could keep both the presidency and markets at bay.