Turkish lira sinks to fresh lows following the central bank's interest rate hike

Turkish lira sinks to fresh lows following the central bank's interest rate hike

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Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. The Turkish lira sank to new record lows after Turkey's central bank raised the country's benchmark interest rate by 650 basis points in a dramatic monetary policy reversal. The…

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