Turkish interest rate hike
Turkey Attempts to Stop Lira’s Rout… Other Geopolitical Strains Simmer
May 24, 2018
The Central Bank of the Republic of Turkey hiked the late liquidity window interest rate by three full percentage points to 16.5% after the Monetary Policy Committee held an unscheduled meeting. The lira had been plunging in one-sided market conditions but rebounded over 6% following the announcement. Italian Prime Minister-Designate Conti met with party leaders, […] More
