Turkish Lira Tumbles After Erdogan Defends Rate Cuts

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Turkish Lira Tumbles After Erdogan Defends Rate Cuts
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Turkey’s currency crisis intensified after Erdogan defended an unorthodox policy of cutting interest rates to fight soaring inflation

Turkey’s currency crisis intensified after President Recep Tayyip Erdogan defendedThe Turkish lira traded at an all-time low of 12.50 lira to $1, having depreciated another 7% Tuesday. It hasTo Read the Full Story.

Turkey’s currency crisis intensified after President Recep Tayyip Erdogan defendedThe Turkish lira traded at an all-time low of 12.50 lira to $1, having depreciated another 7% Tuesday. It hasTo Read the Full Story
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