IMF's Lagarde says that Turkey is under pressure from markets

IMF chief Christine Lagarde is speaking to Bloomberg TV

  • Important for CBRT to be independent
  • Markets see inconsistencies in Turkey policies
  • Central bank governors should be left to do their jobs
  • Turkey has 'really strong' fundamentals
  • IMF has previously said dollar strengthening would affect emerging markets
  • Stronger dollar will unsettle some emerging markets
  • Really pleased where the global economy is now
  • Global economy is on a much stronger footing now
  • Downsides of trade have been ignored for a long time

The IMF seems to be the advocate for EM over the past month, having to step in with matters in Argentina and now looking to have to meddle with the situation in Turkey.

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