Analysts Caught Off Guard as Turkey Unexpectedly Cuts Repo Rate
ByTugce Ozsoy
August 18, 2022 at 1:27 PM GMT+2Updated onAugust 18, 2022 at 3:54 PM GMT+2
The shock decision by Turkey’s central bank to cut interest rates against a backdrop of soaring inflation surprised analysts and economists, who expect further intervention in currency markets as pressure builds on the lira again.
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Turkish Lira (TRY/USD) Tumbles After Central Bank Delivers Shock Rate Cut - Bloomberg