Lira Dips After Turkey Opposition Parties Sweep Local Elections bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Turkey’s lira weakened after President Recep Tayyip Erdogan’s ruling party suffered a shock defeat at local elections on Sunday, with control of many of Turkey’s cities, including Istanbul and Ankara, going to the opposition. Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldChina Factory Activity Expands for First Time in Six MonthsBridgewater CEO's Turnaround Hinges on Wooing Restless
Investors cautiously welcomed Nigeria s long-awaited interest rate hike, but warned that the central bank must tighten monetary policy more in order to attract investment and tame soaring.
Analysis-Investors cautiously welcome Nigeria's big rate hike By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
By Rachel Savage and Libby George JOHANNESBURG/LONDON (Reuters) - Investors cautiously welcomed Nigeria's long-awaited interest rate hike, but warned that the central bank must tighten monetary policy more in order to attract investment and tame so.