Lira left further exposed as Turkish central bank gives imperilled economy shot in arm with another rate cut
By bne IntelIiNews April 23, 2020
Turkey’s central bank on April 22 cut its benchmark interest rate by 100bp—twice as much as the market consensus anticipated—to 8.75% in a bid to keep credit flowing despite the coronavirus (COVID-19) upheaval and the risk of further undermining the embattled Turkish lira and financial stability.
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