Turkey Central Bank Tries ‘Fringe Tools’ to Stem Lira Slide
Onur Ant Constantine Courcoulas
August 14, 2015 — 4:15 AM EDT
Turkey’s central bank lowered the cost of dollar borrowing for a fourth time this year, seeking to halt the lira’s slide after the breakdown of talks on the formation of a new government sent financial markets tumbling.
More:Turkey Central Bank Tries ‘Fringe Tools’ to Stem Lira Slide - Bloomberg Business