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Thursday
21
Nov 2024
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> Turkish Lira

> Turkish Lira

Turkey’s lira hits record low but rebounds after quake, stocks slip

Yields on local 10-year government bonds hit their highest in nearly two months at 10.2%

Erdogan says he wants Turkey’s interest rate in single digits this year

Erdogan has long championed low borrowing costs advocating an unorthodox theory that cutting interest rates results in lower inflation opposite of conventional policy

Turkey delivers shock rate cut despite inflation – Lira plunges

Central bank lowers benchmark after holding it since December - Economists expected no change, but Erdogan promised rate cuts

Inflation in Turkey hit a new 20-year high, reaching 61.14% in March

The Turkish currency fell 44% in 2021

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