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Monday, April 16, 2018

Turkey's lira weaker, Moody's sounds alarm over currency and inflation

Turkey's lira weaker, Moody's sounds alarm over currency and inflation

ISTANBUL (Reuters) - Turkey’s lira was a touch weaker on Monday after plumbing a series of record lows last week, as investor alarm about double-digit inflation has been heightened by President Tayyip Erdogan’s drive for lower interest rates.

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