Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn

Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn

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The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted. Turkish Lira Down 21% Since the…

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