Economy
22 September 2022, 7:37 pm. 1 minute
| Reuters was first to report Turkey’s central financial institution reduce its coverage rate by 100 foundation factors as we speak, at the same time as inflation rose above 80%, and as central banks globally race in the other way and tighten coverage. The Turkish lira sank to a document low of 18.42 versus the greenback after the transfer. |
Market Impact
The Turkish lira sank to a document low of 18.42 versus the greenback after the transfer.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Middle East
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text