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Tuesday, September 04, 2018

Turkey's Lira Needs More Than Intent to Raise Interest Rates - Bloomberg

Turkey's Lira Needs More Than Intent to Raise Interest Rates
By Constantine Courcoulas
September 4, 2018, 1:01 AM GMT+2 Updated on September 4, 2018, 9:45 AM GMT+2

The Turkish lira may have found its footing after the central bank signaled higher interest rates were around the corner, but some investors worry that any lasting relief will require a bold hike that it is loath to deliver.

More:Turkey's Lira Needs More Than Intent to Raise Interest Rates - Bloomberg