Turkish lira sell-off
Turkish Lira Slumps while Global Equities Perform Better
July 24, 2018
Turkey’s sharp monetary tightening in May and June was unexpectedly not extended further this month, and the lira fell as much as 4% today. Turkish bond prices also fell sharply. Turkey’s 14-year CPI inflation high of 15.4% is still cresting. In yet another state under authoritarian rule, Hungary’s central bank also left monetary policy unchanged […] More
