Turkish lira likely under pressure after elections
The countdown to Turkey’s March 31 local elections saw a mild lira depreciation that raised further questions about the performance of the Turkish currency. Despite the funding cost of the central bank remaining stable at 24 percent, the lira’s loss of about 2.5 percent in almost a week was puzzling since the central bank is unlikely to ease its monetary stance anytime soon.
More:Turkish lira likely under pressure after elections | Ahval