Subject: Erdogan takes on the market I think I know what happens next
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Erdogan takes on the market
The Turkish president did an about turn and raised rates again in what was billed as a shock and awe move.
Some people are missing the point as the impact was pretty low and the market are now ready to take on the president again as they tempt him to raise above 20%.
It is hard to see a get out of jail clause for the president who has staked his reputation on turning round the economy and lowering rates for his battered voters.
