Watch Turkey's Lira Rallies After Jumbo Rate Hike - Bloomberg

Aug 24th, 2023

Turkey's Lira Rallies After Jumbo Rate Hike

The lira extended its rally to over 6% against the US dollar after the Turkish central bank raised interest rates far more than expected on Thursday. Turkey raising its benchmark one-week repo rate to 25% from 17.5%. Bloomberg's Onur Ant reports.

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