New Overnight Developments Abroad - Daily Update
Plunge in Turkish Lira after Central Bank President There is Sacked
March 22, 2021
The mercurial political leader of Turkey, President Erdogan, fired Turkey’s central bank president on Saturday, two days after the 1-week repo rate had been raised to 19% from 17%. In the face of rapidly accelerating Turkish inflation, which reached 15.6% last month, the central bank policy rate had also been lifted by 200 basis points […] More
