lira

A surprise bumper rate hike by Turkiye’s central bank on Thursday boosted the country’s international sovereign bonds, lifted the lira off its recent lows and bolstered banking stocks, accordig to Reuters. The central bank raised its key…
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Turkiye is urging foreign investors to consider government bonds that offer yields in Turkish lira as the country approaches the end of its tightening monetary cycle, according to the central bank’s chief. Turkish Central Bank Gov.…
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Turkey’s lira ended the session up over 20 percent on Monday after President Tayyip Erdogan introduced a series of steps that he said will ease the burden of the weakened currency on Turks, while vowing to press on with a low-rates policy…
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President Tayyip Erdogan sent Turkey’s lira currency to new all-time lows on Wednesday after he called for interest rate cuts in the next two months and said he spoke to the central bank’s new governor about it. The lira — by far the…
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Today, the Turkish lira fell to its lowest level, influenced by fears of high inflation in the world and expectations at the local level that the central bank will cut interest rates soon. The Turkish currency, which is the worst…
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Turkey’s lira plunged 15% to near its all-time low after markets opened following President Tayyip Erdogan’s shock weekend decision to oust a hawkish central bank governor and install a like-minded critic of high interest rates. The…
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The Turkish lira has hit a record low of 8.15 against the dollar amid investor anxiety about the Turkish economy, hit by coronavirus and friction with Nato allies. President Recep Tayyip Erdogan has riled France and the US among others.…
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