Turkish central bank struggles to prop up lira
Sunday, 25 August 2013 11:17
Posted by Shoaib-ur-Rehman Siddiqui
E-mailPrintPDFViews:16
ANKARA: Turkey faces another week under pressure in its fight to shore up the lira as well as growth.
The country is in the front line of emerging economies hit by an outflow of investment because the US Federal Reserve central bank is signalling that it will soon curtail the injection of stimulus funds which have supported the US economy, and growth abroad, and have helped to keep interest rates low.
More:Turkish central bank struggles to prop up lira