| Reuters was first to report Turkey’s central bank cut its policy rate by 100 basis points today, even as inflation rose above 80%, and as central banks globally race in the opposite direction and tighten policy. The Turkish lira sank to a record low of 18.42 versus the dollar after the move. |
Economy
Reuters reveals Turkish interest rate cut; lira falls to an all-time low
22 September 2022, 7:37 pm 1 minute
Market Impact
The Turkish lira sank to a record low of 18.42 versus the dollar after the move.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Middle East
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
