Flashback to 2018 Lira Crisis Fuels Calls for Emergency Hike
- Turkish currency has weakened to a record every day this week
- Commerzbank, Brown Brothers among those calling for rate hike
The Turkish lira weakened as much as 1.6% to 8.3224 against the dollar Wednesday.
Photographer: NurPhoto/NurPhotoThis article is for subscribers only.
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The Turkish lira is on course for its worst month since August 2018, fueling speculation that the central bank will once again turn to an outsized interest-rate hike to stem the rout.