Turkish Lira Continues to Fall Despite Backdoor Tightening
Central bank suspends one-week repo auctions, announces new reserve-requirement ratios
By Avantika Chilkoti
May 9, 2019 4:45 p.m. ET
The Turkish lira continued to slide Thursday after the country’s central bank temporarily tightened monetary policy in an attempt to make it more difficult for investors to bet against the currency.
More:Turkish Lira Continues to Fall Despite Backdoor Tightening - WSJ