Turkey's Lira Slumps After a Smaller-Than-Expected Rate Rise

(Bloomberg) -- Turkey’s central bank delivered a significantly smaller interest-rate increase than anticipated, as policy makers embark on what they said will be a gradual transition from an era of ultra-cheap money.Most Read from BloombergTitanic Sub Search Chases Mystery Noises as Air Runs LowModi Meets With Elon Musk and Ray Dalio as Global Money Flocks to IndiaChina Says Biden Calling Xi a Dictator Is ‘Provocation’Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022Modi’s Yoga Mast

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