The Next Big Trader Bet Is Who Will Run Turkey's Economy - Bloomberg Business:
"Turkey’s political drama didn’t end with the election this month -- there’s still the burning question of who will direct economic policy in the new cabinet.
Most traders are rooting for the inclusion of acting Finance Minister Mehmet Simsek and former Deputy Prime Minister Ali Babacan. They steered the economy during the AK Party’s 13 years in office, helping to boost growth and tame inflation from a high of 104 percent in the 1990s.
“Those two names are important not only because they’re orthodox but they’re also seen as sufficiently senior to keep policy on track,” Paul McNamara, a fund manager at GAM UK Ltd. in London, said by e-mail on Wednesday. “Anyone who is seen as an Erdogan mouthpiece will be a major issue” as it increases the risk of political pressure on the central bank to keep interest rates low, he said."
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