Plummeting Lira Defies Turkey's Surprise Monetary Tightening
Turkish lira banknotes sit in this arranged photograph at a currency exchange in Istanbul, Turkey. (Photographer: Kostas Tsironis/Bloomberg)

Plummeting Lira Defies Turkey's Surprise Monetary Tightening

(Bloomberg) -- Turkey’s central bank announced a surprise tightening of monetary policy and moved to calm concern over a sudden drop in official reserves in a failed attempt to stem a slump in the ...
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