Turkey Takes New Steps to Protect Lira After Rate Hikes End
- Central bank amends regulations to encourage savings in lira
- Policymakers look for measures to drain liquidity from system
Turkish lira banknotes.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
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Turkey on Tuesday amended regulations to deter savers from flocking to foreign currencies and relieve pressure on the lira after ending an aggressive cycle of interest-rate hikes this month.