Turkish lira slips to record low despite latest speed bump
Turkey’s central bank said on Monday it would shut one of the last windows for lenders to access cheaper funding in its latest step to support the lira currency, which nonetheless slid for an eighth straight day to a new record low, Reuters reported.
In response to what the bank said was another "decisive" step to maintain price and financial stability, the lira TRYTOM=D3 briefly rebounded before falling back to 8.4025 against the U.S. dollar at 0809 GMT. Earlier, it touched 8.404.
The currency is the worst performer in emerging markets this year, down 29% on concerns over possible Western sanctions, depleted reserves, high inflation and monetary independence, the source said.
It has fallen 7% since the central bank held its key interest rate steady last month, bucking wide expectations for a policy tightening that investors and economists say is needed but that is politically unpopular in Ankara.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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