Reuters ahead with Turkey rate cut; lira slides to record low
Reuters was ahead of the competition reporting Turkey’s rate cut. The central bank pushed forward with an interest rate cut […] The post Reuters ahead with Turkey rate cut; lira slides to record low appeared first on Reuters News Agency.
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Reuters was ahead of the competition reporting Turkey’s rate cut. The central bank pushed forward with an interest rate cut that analysts say ignores a dangerous market meltdown and inflation running near 20%. Policymakers – who are under pressure from President Tayyip Erdogan for stimulus – cut the key rate by 100 basis points to 15%.
The post Reuters ahead with Turkey rate cut; lira slides to record low appeared first on Reuters News Agency.
