Turkey Central Bank Raises Interest Rates to Halt Lira's Slump - Bloomberg
'Turkey’s central bank raised interest rates to halt a slide in the lira that’s seen the currency post a series of record lows. '
'The central bank acted after three weeks of turmoil on Turkey’s currency markets. '
' After news broke of its emergency session on Wednesday, Finance Minister Mehmet Simsek said on Twitter that it’s time to restore the credibility of Turkey’s monetary policy. '
'Erdogan told Bloomberg in an interview this month that he’ll seek more control over monetary policy if he wins the vote. '
'Turkish President Recep Tayyip Erdogan, who’s seeking re-election next month, has publicly opposed any moves to raise interest rates, while investors and economists argued that was the only way to halt the rout. '
[–] derram 0 points 1 point 1 point (+1|-0) ago
https://archive.fo/1OmRK :
'Turkey’s central bank raised interest rates to halt a slide in the lira that’s seen the currency post a series of record lows. '
'The central bank acted after three weeks of turmoil on Turkey’s currency markets. '
' After news broke of its emergency session on Wednesday, Finance Minister Mehmet Simsek said on Twitter that it’s time to restore the credibility of Turkey’s monetary policy. '
'Erdogan told Bloomberg in an interview this month that he’ll seek more control over monetary policy if he wins the vote. '
'Turkish President Recep Tayyip Erdogan, who’s seeking re-election next month, has publicly opposed any moves to raise interest rates, while investors and economists argued that was the only way to halt the rout. '
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