Turkey won't hold election after ruling party changes leader

Turkey and its economy will stabilize further when a prime minister more closely aligned with President Tayyip Erdogan takes office, Ertem said in a live interview with broadcaster NTV.

The current economy management will stay in place, he said, adding he does not expect any changes in monetary and fiscal policies. Declines in Turkish assets, especially the lira, amid worries about political turmoil will not continue and the lira may even become overvalued, undermining exports, he said.

(reuters.com)