Turkish lira at new low; rate hike ruled out
January 21, 2014 - 10:22:05 am
ANKARA: Turkey’s currency sank to new record lows yesterday, pummelled by continuing political problems for the government of Prime Minister Recep Tayyip Erdogan.
But the country’s economy minister dismissed any likelihood of the central bank raising interest rates to prop up the lira at its monthly policy meeting today.
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