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Emerging Market Crisis From Turkey – Tragedy But No Farce
Turkey’s central bank could cut rates on Thursday by more than markets expect.
24 Jul 2019, 05:39 PM IST 
Yellow cabs sit at a taxi rank near buildings decorated with Turkish national flags in Istanbul, Turkey (Photographer: Ismail Ferdous/Bloomberg)
(Bloomberg) --
Turkey’s central bank could cut rates on Thursday by more than markets expect, potentially sparking another lira crisis. The risk of spillover to other emerging markets is lower than a year ago -- looser policy from major central banks could make a decisive difference, according to Bloomberg Economics. But if there is contagion, BE’s scorecard highlights Argentina, South Africa and Egypt as particularly vulnerable.
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