Economics
Lira Rebounds as Turkey Central Bank Moves to Allay Market Fears
- Currency jumps almost 3 percent after Friday’s meltdown
- Central bank says determined to accumulate currency reserves
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
The Turkish lira rebounded, recouping losses after its worst day since a crash last year, as the central bank raised borrowing costs and signaled it was taking steps to bolster its official reserves.