Lira Slump Deepens as Turkey Insists on Gradual Changes
- Turkish lira lost almost 6% since smaller-than-hoped rate hike
- Risks of central bank chasing the market are rising, DB says
This article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
Turkey’s lira extended its record slide after Treasury and Finance Minister Mehmet Simsek emphasized his backing for a gradual shift in economic policies.