Unable to raise rates to defend the Turkish currency, Governor Erdem Basci has resorted to tweaking policy on the margins
Data on Wednesday showed the Turkish economy grew less than expected in the second quarter
The central bank aggressively raised key rates in January in a bid to halt a steep drop in the country’s national currency the lira
The central bank aggressively raised key rates in January to stem a steep drop in the Turkish lira
The bold move follows Turkey's struggle to contain the lira's preciptious slide after Erdogan's corruption scandal shook the government
While holding its rates, the Central Bank said it would make interbank interest rates rise to 9 percent
Turkey’s central bank held fire on interest rates but signaled more tightening of its day-to-day policy
Turkey’s central bank held its key interest rates steady on Wednesday, keeping the overnight rate at 7.75 percent, holding the line on a ...
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