Turkey Central Bank Tries ‘Fringe Tools’ to Stem Lira Slide

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A pedestrian passes the entrance to the Grand Bazaar shopping district of Istanbul.

Photographer: Kerim Okten/Bloomberg

Turkey’s central bank lowered the cost of dollar borrowing for a fourth time this year, seeking to halt the lira’s slide after the breakdown of talks on the formation of a new government sent financial markets tumbling.

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