Friday, July 13, 2018

Turkish Lira continues to tumble as Erdogan dictates monetary policy

Turkish Lira continues to tumble as Erdogan dictates monetary policy
By NEOnline | IR

The Turkish lira continued to slide on Thursday as President Recep Tayyip Erdogan explicitly intervened in monetary policy promising a drop in interest rates.

One Euro bought just under 5,7 Turkish Lira on Thursday, which sets a new record.

More:Turkish Lira continues to tumble as Erdogan dictates monetary policy