Turkey’s central bank will hold its first meeting under new governor Sahap Kavcioglu. Since last month’s surprise sacking of his predecessor, the lira has plummeted versus the dollar while inflation expectations are rising swiftly.
Policymakers are seen holding interest rates unchanged at 19%, but the expected timeline for a cut has been shortened.
In South America, Sunday elections could confirm a regional leftist turn, giving investors more food for thought.
Ecuador’s presidential runoff follows months of debate over whether socialism or market-friendly policies are needed to restart the economy, with a left-wing economist looking in the lead in most polls.
In Peru, polls indicate no clear winner, with six candidates vying for a shot at the June runoff, making the election one of the most unpredictable in recent memory.