From Best to Worst: Investors Are Souring on Turkey’s Markets
- Foreign stock ownership in Turkey is near all-time lows
- The lira is world’s worst-performing major currency this year
This article is for subscribers only.
In just three months, the Turkish lira has gone from best to worst.
The currency is the victim of the head-spinning policy swerves of President Recep Tayyip Erdogan, who is once again pressing policymakers to cut rates even as inflation remains at almost 17%.