Turkey Tumult Prompts Lira’s Worst Weekly Retreat Since 2023
Source: Live Mint (Bloomberg) — The Turkish lira headed for its steepest weekly drop in nearly two years and stocks slumped as an emergency interest-rate increase failed to halt the currency’s retreat amid mounting political tensions. The detention of a key opposition politician, Istanbul Mayor Ekrem Imamoglu, rattled investors this week, sending markets into a…