Turkish Lira (TRY/USD) Tumbles After Central Bank Delivers Shock Rate Cut - Bloomberg

Analysts Caught Off Guard as Turkey Unexpectedly Cuts Repo Rate ByTugce Ozsoy August 18, 2022 at 1:27 PM GMT+2Updated onAugust 18, 2022 at 3:54 PM GMT+2 The shock decision by Turkey’s central bank to cut interest rates against a backdrop of soaring inflation surprised analysts and economists, who expect further intervention in currency markets as pressure builds on the lira again. ore:Turkish Lira (TRY/USD) Tumbles After Central Bank Delivers Shock Rate Cut - Bloomberg