Friday, August 23, 2013

Turkish Central Bank Launches Policy to Shore Up Lira - Wall Street Journal - WSJ.com

Turkish Central Bank Launches Policy to Shore Up Lira
Economists Warn That the Move Has Confused Investors

Turkey's central bank unveiled fresh policies as part of a campaign to halt the lira's freefall, but economists said the move only added to widespread confusion about Gov. Erdem Basci's policy stance and threatened to derail the economy.

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