Cyprus Mail

Turkish lira weakens ahead of central bank meeting

turkish lira

Turkey’s lira fell some 0.5 per cent on Thursday to 16.45 against the dollar, touching its weakest level since December ahead of the central bank’s policy-setting meeting where it is expected to maintain its benchmark rate at 14 per cent.

The lira is down nearly 20 per cent this year, in addition to the 44 per cent it lost last year, largely due to a currency crisis sparked by a series of unorthodox rates cuts.

Follow the Cyprus Mail on Google News

Related Posts

IMF committee acknowledges conflicts risk but opts against joint communique

Reuters News Service

Netflix slides as move to end sharing user count sparks growth worries

Reuters News Service

Hellenic Bank and Etyk agree to renew collective agreements

Andria Kades

CySEC slaps Cyprus firm with €360,000 fine

Kyriacos Nicolaou

Security measure solutions: Finding the right protection software for your business

CM Guest Columnist

Blue Charter Centre of Excellence to be set in Larnaca

Souzana Psara