BOJ Defeats Basci Cut as Lira Carry Trade Revives

BOJ Defeats Basci Cut as Lira Carry Trade Revives

Kerem Uzel/Bloomberg

The headquarters of Denizbank AS, left, is seen beyond construction cranes and skyscrapers in the Levent-Maslak business districts of Istanbul. Turkey’s economy expanded 1.4 percent in the fourth quarter, the slowest growth since a recession in 2009, the statistics office said April 1.