Saturday, March 23, 2019

Plummeting Lira Defies Turkey's Surprise Monetary Tightening - Bloomberg

Plummeting Lira Defies Turkey's Surprise Monetary Tightening
By Cagan Koc
and Constantine Courcoulas
March 22, 2019, 5:39 AM EDT Updated on March 22, 2019, 2:31 PM EDT

Central bank forces lenders to a more expensive funding rate
Lira leads losses in emerging markets; stocks and bonds fall

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