Turkey s central bank cut the benchmark interest rate by another 100 basis points despite soaring inflation, sending the weakening national currency lira to a new historic low against the US dollar.The rate has now decreased from 15 per cent to .
Turkey s central bank cut the benchmark interest rate by another 100 basis points despite soaring inflation, sending the weakening national currency lira to a new historic low against the US dollar.
Turkey’s lira sank to record lows on Thursday after the central bank cut rates as expected, while most other emerging market stocks and currencies rose on…